Zimbabwe’s government replaces central bank MPC
Finance minister changes entire MPC as academic observer dismisses inflation target as “fantasy”
Zimbabwe’s finance minister has dismissed the central bank’s existing monetary policy committee and appointed five new members, state-owned media announced.
On February 19, the Reserve Bank of Zimbabwe said on Twitter that the MPC had been dissolved “with effect from 31 January”. One day later, the state-owned Zimbabwe Broadcasting Corporation announced that finance minister Mthuli Ncube had appointed five new members.
The RBZ said the reason for dissolving the committee was that “most of its
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