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Distinguished colleagues,the deterioration in global economic conditions coupled with constraints in the domestic economy, notably the negative effects of sanctions, adverse weather conditions and underlying liquidity shortages imposed constraints on the growth of the Zimbabwean economy.
download January 2013 Monetary Policy
These adverse global developments have combined with, tight domestic liquidity conditions, limited access to offshore lines of credit, frequent power outages and a huge debt overhang to take steam off the recovery momentum gained since the adoption of multiple currencies in 2009.
download July 2012 Monetary Policy
Zimbabwe remains susceptible to the vagaries of the adverse external macroeconomic environment, particularly within the aegis of the multiple currency system which is typified by limited macroeconomic policy instruments. In essence, lack of potent policy instruments to absorb both domestic and external shocks relegates Zimbabwean policy makers to mere observers and pray that global developments remain favourable.
download January 2012 Monetary Policy
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