Zimbabwe Central Bank Plans New Economic Rules.
Zimbabwe's central bank will reveal fresh plans this month to fight rising prices and boost growth. Bank chief John Mushayavanhu said he aims to balance economic growth with stable prices.
"Our policy must be careful and flexible," Mushayavanhu told The Herald. "We face the task of cutting inflation without harming growth."
The bank created a new finance program to help businesses produce more goods. This plan supports the country's goal of 6 percent growth in 2025.
Recent data shows rising costs remain a challenge. The national ZiG price index jumped to 183.76 in January from 166.30 in December. Monthly inflation rose from 3.7 percent to 10.5 percent.
US dollar prices also increased. The dollar index climbed from 108.91 to 121.43, with monthly rates up from 0.6 percent to 11.5 percent.
Zimbabwe faces several economic hurdles, including high prices, costly loans, cash shortages, and limited foreign money. Key industries like farming and manufacturing need more support.
"We target help to areas with the best growth chances," Mushayavanhu said. "This reduces the impact of strict money rules."
The bank's upcoming statement will guide businesses through these changes. Leaders want to build market trust and create lasting price stability.
The bank chief added, "We must adjust our plans as risks change. Our goal remains steady growth with controlled prices."
Zimbabwe's central bank will reveal fresh plans this month to fight rising prices and boost growth. Bank chief John Mushayavanhu said he aims to balance economic growth with stable prices.
"Our policy must be careful and flexible," Mushayavanhu told The Herald. "We face the task of cutting inflation without harming growth."
The bank created a new finance program to help businesses produce more goods. This plan supports the country's goal of 6 percent growth in 2025.
Recent data shows rising costs remain a challenge. The national ZiG price index jumped to 183.76 in January from 166.30 in December. Monthly inflation rose from 3.7 percent to 10.5 percent.
US dollar prices also increased. The dollar index climbed from 108.91 to 121.43, with monthly rates up from 0.6 percent to 11.5 percent.
Zimbabwe faces several economic hurdles, including high prices, costly loans, cash shortages, and limited foreign money. Key industries like farming and manufacturing need more support.
"We target help to areas with the best growth chances," Mushayavanhu said. "This reduces the impact of strict money rules."
The bank's upcoming statement will guide businesses through these changes. Leaders want to build market trust and create lasting price stability.
The bank chief added, "We must adjust our plans as risks change. Our goal remains steady growth with controlled prices."
