Advertisements
Home » Decelerating inflation spurs banking sector

Decelerating inflation spurs banking sector

0 comments

THE central bank is expecting increased economic activity on the back of a slowdown in inflation, local currency stability, along with a slew of monetary and fiscal policies being implemented to provide a stable environment for the banking sector.
In a quarterly report ending September 30, 2022, Reserve Bank of Zimbabwe (RBZ) said significant gains were made in reining in inflation as monthly inflation fell from a peak of 30,7 percent in June 2022 to 3,47 percent in September 2022.

Advertisements

“The successful disinflation derives from the bank’s tight monetary policy stance, coupled with the value for money principle adopted by the government to curb speculative pricing by its suppliers of goods and services.

Subscribe to The Financial Gazette

This is premium content. Subscribe to read article.

Subscribe Today

Gain access to all articles. Subscribe Today.
Advertisements

Leave a Comment

Advertisements

The Financial Gazette It is southern Africa’s leading business and political newspaper well known for its in-depth and authoritative reportage anchored on providing timely, accurate, fair and balanced news.

Newsletters

Subscribe to The Financial Gazette newsletter for financial & business news worth reading. Let's stay updated!

©2024 The Financial Gazette. A Media Company – All Right Reserved. Designed and Developed by Innovura
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More