Zimbabwe to target money supply growth

ZIMBABWE - Concerted action aimed at curtailing monetary growth and increasing the output of goods and services in the economy is vital if a sustainable reduction in inflation to levels that promote investment and growth is to be achieved, warns the Reserve Bank of Zimbabwe (RBZ).

In its latest Weekly Economic Highlights, dated 5 April 2002, the RBZ said since 1990 high levels of money supply growth had been experienced against the backdrop of economic decline. Real Gross Domestic Product (GDP