A welcome step beyond a tight policy

Foreign currency reserves currently cover about 1,5 months of imports, reflecting a steady buildup since the launch of the ZiG currency in April 2024.

THE Reserve Bank deserves commendation for signalling a deliberate pivot from a “tight” monetary stance towards a more “prudential” framework. This is not a retreat from discipline, but an evolution of policy thinking that reflects both the gains already secured and the constraints now confronting the real economy. There is little dispute that a tight…

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