NEW YORK (Reuters) - Newly appointed Zimbabwean Finance Minister Mthuli Ncube would like to employ a “big bang” economic reform program to the battered economy where unemployment is running above 80 percent, but recognises politics will limit the speed for change.
Reserve Bank of Zimbabwe Governor John Mangudya and Zimbabwe s Finance Minister Mthuli Ncube brief reporters during an investment conference in New York, U.S., September 21, 2018. REUTERS/Daniel Bases
HARARE – President Emmerson Mnangagwa has approved the appointment of additional members to the Reserve Bank of Zimbabwe (RBZ)’s Monetary Policy Committee (MPC).
The development was revealed in a statement issued by the minister of Finance and Economic Development, Professor Mthuli Ncube. Reads the statement:
India Central Bank Holds Key Rate Steady
India’s central bank left its interest rates unchanged at the first rate-setting meeting of the year despite inflation slowing to the target band, but decided to lift its cash reserve ratio in two phases. The Monetary Policy Committee of the Reserve Bank of India unanimously voted to maintain the policy repo rate at 4.00 percent. The reverse repo rate was retained at 3.35 percent.
Market Summary
Retirement Intelligence
Risk Disclaimer - By using this web site you agree to its terms and conditions.
All materials, including but not limited to articles, directories, photos, lists, etc., on this website are the sole property of ForexTV or the respective copyright holders and are intended for informational/educational purposes using hypothetical and sometimes anecdotal illustrations. The unauthorized use of any and all materials is prohibited and restricted by copyright law. Any use of materials on this site must be approved in advance by Fo
India Central Bank Leaves Key Rates Unchanged forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
Sustained Exports Boost for Forex Auction zimbabwe-today.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zimbabwe-today.com Daily Mail and Mail on Sunday newspapers.