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2006 year-end monetary policyy statement
2006 YEAR-END MONETARY POLICY
STATEMENT
TAKING THE BULL
BY THE HORNS…
ROADMAP TO OUR
RAPID DISINFLATION PROGRAM;
MACRO-ECONOMIC
STABILITY AND PROSPERITY FOR ALL ZIMBABWEANS
VISION 2008 REVIVED
31 JANUARY 2007
TABLE OF CONTENTS
THE REAL MILL-STONE ARROUND OUR ECONOMY: DISTORTIONS
TELECOMS INTERNATIONAL CALL CHARGES
LIMITED FOCUS ON CAPACITY DEVELOPMENT
RAMPANT INDISCIPLINE AND DAYLIGHT SMUGGLING
DETERIORATION OF THE JUDICIAL FRAMEWORK
HIGH FISCAL RECURRENT EXPENDITURE
AGAINST THIS BACKGROUND, THEREFORE, TRADITIONAL TOOLS
ALONE WILL NOT DO
Microfinance/Moneylending
Institutions…
FINANCIAL INCLUSION: RURAL BANKING
CURRENCY
IN CIRCULATION DEVELOPMENTS
ANNUAL
INFLATION PROFILE (Jan.04-Dec ’06)
MONTH
ON MONTH INFLATION PROFILE
UNDERSTANDING
THE MAJOR INFLATION DRIVERS
MAJOR
INFLATION SUB CATEGORIES
MONETARY
ANCHOR AND INFLATION TARGETS
PROPOSED
ROADMAP TO OUR RECOVERY under the theme:
FREEING THE ECONOMY FROM DISTORTIONS INORDER TO PROSPER
ZIMBABWE…
WHAT THEY SAID ABOUT PRICE DISTORTIONS…
His Excellency The President, Cde. R. G. Mugabe
The Minister of Finance, Dr. H. M. Murerwa.
The National Economic Development Priority Program (NEDPP).
SOCIAL
CONTRACTS AND MACROECONOMIC STABILISATION
COUNTRY
EXPERIENCES: FACTS AND LESSONS
United States of America (USA)
MAIN LESSONS FROM OTHER COUNTRIES
INEVITABLE CORRECTIONAL HARDSHIPS