The Governor of the Reserve Bank of Zimbabwe (RBZ), Dr John Mushayavanhu, has underscored the importance of extensive stakeholder engagement and policy credibility in executing the central bank’s mandate.
Presenting the 2026 Monetary Policy Statement, Dr Mushayavanhu highlighted that the bank’s current approach is the result of rigorous consultations with diverse economic actors.
These include the Confederation of Zimbabwe Industries (CZI), the Zimbabwe National Chamber of Commerce (ZNCC), the CEO Roundtable, and the Consumer Council of Zimbabwe.
Notably, the Governor revealed that the central bank sought the private counsel of former governors and deputy governors, tapping into their collective experience to refine the bank’s strategic direction.
Reflecting on the foundations laid in April 2024, Dr Mushayavanhu reaffirmed the central bank’s commitment to four critical pillars:
To pursue these goals, the RBZ continues to utilise a hybrid monetary policy framework, with reserve money serving as the primary operational anchor. This strategy aims to ensure that liquidity management remains disciplined and aligned with the country’s economic realities.
By prioritising transparency and incorporating expert feedback, Dr Mushayavanhu said the Reserve Bank aims to rebuild market confidence and ensure that monetary policy serves as a predictable instrument for sustainable economic growth.-herald
