Zimbabwe

Zimbabwe became the third central bank in Southern Africa to tighten its monetary policy stance this year, saying the move takes into account the current liquidity conditions in the market and the need to control speculative borrowing as its maintains a conservative monetary targeting framework in 2021.

THE Reserve Bank of Zimbabwe (RBZ) has kept the bank policy and medium term lending rates at 35 and 25 percent, respectively, while maintaining a stranglehold on money supply to entrench prevailing price stability.

The Zimbabwean government on Monday launched the agricultural commodities exchange that will ensure farmers get market determined prices for their commodities.

Zimbabwe's central bank lowered its policy rate for the second time this year and for the third time in the current easing cycle to ensure the country's economy remains on a path toward grow amid the impact of the Covid-19 pandemic.