Breaking News

Gideon Gono presents Zimbabwe's monetary policy today

by Staff reporter
31 January 2013 | 5947 Views
THE Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has postponed the announcement of the monetary policy to today.

Gono was expected to have delivered the policy statement yesterday.

The policy statement comes at a time when the central bank hinted on more banking sector reforms, which seek to strengthen the financial services sector following the introduction of multiple currencies in 2009.

The central bank chief said a new ombudsman is expected to be appointed during the current fiscal year in a bid to strengthen the banking sector.

The banking sector has been operating since 2009 without an effective lender of last resort and today's monetary policy would also seek to address the issue which has left banks without any financial backing from the central bank.




Among other things, the central bank would be announcing the banks that have managed to meet part of the $100 million minimum capital requirements and those that have failed.

Gono said at least $150 million was required for the lender of last resort function. He would address the issue of the implementation of Basel II Implementation Action Plan by financial institutions to strengthen them.

Gono Monetary Policy

Source: newsday

Should Miss World Zimbabwe have been dethroned?

Yes
34.6%
No
61.14%
Not sure
4.27%
211

Comments

News Updates

Email:

Latest News

Telecel to cut salaries - According to an internal letter to staff, Te...

by Staff reporter | 06 July 2015 | 12 Views

Bosso salvages a draw with 10 men Triangle

by Ricky Zililo | 06 July 2015 | 35 Views

Photo of Zimbabwean man who died in SA jail

by Staff Reporter | 06 July 2015 | 263 Views

Madzibaba acquitted of rape charges - Johanne Marange Simon branch lea...

by Thandeka Moyo | 06 July 2015 | 124 Views

Ex-Wenela workers to receive pensions - SCORES of Zimbabweans who are ...

by Sukulwenkosi Dube | 06 July 2015 | 270 Views

Kariba North experience low water levels

by Staff Reporter | 06 July 2015 | 191 Views

Zimbabweans caned in Botswana for illegal entry - A group of Zimbabwea...

by Staff reporter | 06 July 2015 | 181 Views

Man gives up looking for dead son's head, opt to bury headless body - ...

by Staff Reporter | 06 July 2015 | 275 Views

Mnangagwa follows up on Chinese 'mega-deals' - Vice President Emmerson...

by Hatred Zenenga | 06 July 2015 | 102 Views

Stranger sneaks into Sangomas' blankets

by Staff Reporter | 06 July 2015 | 303 Views

MLO attacks Mnangagwa

by Stephen Jakes | 06 July 2015 | 211 Views

MLF to spearhead the formation of a Mthwakazi Government in Exile - Mt...

by Stephen Jakes | 06 July 2015 | 185 Views

Cross border vehicle thief jailed

by Staff Reporter | 06 July 2015 | 331 Views

Deputy Sheriff attaches entire council vehicles

by Staff Reporter | 06 July 2015 | 288 Views

Twenty foreign students deported

by Staff Reporter | 06 July 2015 | 661 Views

Top cop demoted for challenging Chihuri

by Staff Reporter | 06 July 2015 | 623 Views

Didymus Mutasa in $400,000 bank loan scandal - ARDA Board chairman and...

by Takunda Maodza | 06 July 2015 | 306 Views

CIO extort $10 000 using Mohadi's name

by Staff Reporter | 06 July 2015 | 255 Views

Harare vendors told to move immediately - All vendors who have registe...

by Staff reporter | 06 July 2015 | 291 Views

Woman douses self in petrol, threatens to light up if evicted - THERE ...

by Staff reporter | 06 July 2015 | 265 Views

Bulawayo murder caught on camera - THREE masked men broke into Buchu M...

by Staff reporter | 06 July 2015 | 565 Views

Zanu-PF officials could end up killing each other, claims - There are...

by Staff Reporter | 05 July 2015 | 4616 Views

Zim govt targets increasing savings - The government is crafting poli...

by Staff Reporter | 05 July 2015 | 1935 Views

Mnangagwa off to China - Vice President Emmerson Mnangagwa has left f...

by Staff Reporter | 05 July 2015 | 2822 Views

'Service at Luveve clinic is so pathetic' - 2015-07-02 11:47:41 ...

by Luveve Resident | 05 July 2015 | 1774 Views

Mthwakazi, moving on …now drive the restoration agenda! - Last week...

by Dominic Mwelase | 05 July 2015 | 1665 Views

Zim man dies in SA jail - WhatsApp - Please note that Bulawayo24 does ...

by Concerned Diasporan | 05 July 2015 | 3869 Views

Entertainment

Bigger and Better Women's Day Gospel Festival

by Entertainment Reporter | 03 July 2015 | 2659 Views

Silence Is Not Peace!, Says Bongani Ncube

by Nkosini Tshuma | 02 July 2015 | 3831 Views

Zimbabweans fail to answer a simple question like who is your former p...

by Staff reporter | 02 July 2015 | 4865 Views

Zim Achievers to host first ever winners and nominees reception - Win...

by Arts Correspondent | 02 July 2015 | 2228 Views

Team Bulawayo UK Shows cancelled - The Team Bulawayo UK shows which we...

by Thulani Nkala | 02 July 2015 | 2711 Views

DStv adds new channel for Zimbabwe viewers

by Staff reporter | 01 July 2015 | 10688 Views

Rihanna Duct Tapes Floyd Mayweather's Mouth Shut at BET Awards

by Staff Reporter | 30 June 2015 | 9261 Views

Professor wants out of Kalawa - KWAITO star Professor wants out of Ka...

by Staff reporter | 30 June 2015 | 6610 Views