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John Mangudya

RESERVE Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya will present the 2017 monetary policy statement sometime next  month.

Experts have already called on the central bank to come up with concrete mechanisms aimed at promoting resource mobilisation to support productive sectors and grow the economy.

According to ZBCtv, the RBZ has hinted that the policy will be unveiled later next month after the finalisation of the crafting process.

While the monetary policy will be premised on the need to solve liquidity constraints, enhance export competitiveness and come up with strategies to increase banking sector confidence, economist expert, Dr Gift Mugano, said RBZ should also focus on measures that promote short to long-term funding as well as increase savings.

Key issues such as the state of the banking industry, harnessing diaspora remittances, non-performing loans, impact of the bond notes and export receipts are expected to dominate the RBZ’s monetary policy statement.

Business analyst, Mr Bernard Kasekete said the forthcoming monetary policy should set the tone for the restoration of business and economic confidence.

“It is now up to them to do their best for the nation,” said Mr Kasekete.

Bulawayo-based economic commentator Mrs Wendy Mpofu said restoring trust was one of the missing fundamentals.

— ZBCtv/Business Chronicle