Zimbabwe’s central bank keeps tight Monetary Policy

The Reserve Bank of Zimbabwe has decided to maintain its strict monetary policy stance. This means interest rates will stay high to curb inflation.

The bank’s Monetary Policy Committee met on Monday to review the country’s economic situation. They noted that recent measures, such as limiting the amount of money banks can lend, have helped to slow down price increases.

While the bank wants to control inflation, it also wants to support economic growth. To achieve this balance, they’ve introduced a new lending program to help businesses.

The central bank will continue to monitor the economy closely and may adjust its policies as needed.