Monetary policy announcement delayed by Zimbabwe

The Reserve Bank of Zimbabwe has announced that it is indefinitely postponing its mid-year monetary policy statement, originally due next week. The central bank said it needed more time to analyse the implications of price controls imposed by the government and an imminent supplementary budget.

Gideon Gono, the governor of the central bank, has been charged by President Robert Mugabe to head efforts to turn round the economy which has been devastated by eight years of severe recession.

The cent

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