ZNCC applauds RBZ on economic stability gains

THE Zimbabwe National Chamber of Commerce (ZNCC) has commended the Reserve Bank of Zimbabwe (RBZ) for the progress made in maintaining exchange rate stability, moderating inflation and strengthening monetary discipline, while calling for continued policy interventions to address challenges affecting businesses.

The remarks were made on Monday during the ZNCC’s engagement with the Reserve Bank, led by Governor Dr John Mushayavanhu, as part of consultations towards the 2026 Mid-Term Monetary Policy Review.

The discussions brought together the central bank and the private sector to exchange views on the country’s macroeconomic outlook, monetary policy direction, financial sector developments and the prevailing operating environment for business.
In an update, the chamber said the consultations provided an important platform for constructive engagement on key economic issues.

“The Chamber commended the progress made in maintaining exchange rate stability, moderating inflation, and strengthening monetary discipline, while highlighting areas that continue to require policy attention.
“These included the cost and availability of credit, financial intermediation, export surrender requirements, bank charges, liquidity conditions, and measures to deepen confidence and transactional use of the ZiG.”

The business lobby said sustained macroeconomic stability remains critical for enhancing investor confidence and enabling the private sector to expand production, investment and employment.

According to the chamber, the Reserve Bank also used the engagement to outline progress made under various monetary policy initiatives and reaffirmed its commitment to maintaining policy consistency.

“The Reserve Bank reaffirmed its commitment to policy consistency, evidence-based decision-making, and continued engagement with the private sector.

“The Bank provided updates on reserve accumulation, the implementation of the IMF Staff-Monitored Programme, the Targeted Finance Facility, exchange rate developments, and the outlook for the financial sector. Both parties agreed that macroeconomic stability must increasingly translate into stronger investment, productivity, competitiveness, and sustainable economic growth.”

The consultations come at a time when authorities are seeking to consolidate economic stability while creating conditions that support increased productive sector activity and private sector-led growth.

The ZNCC said regular engagement between policymakers and the business community remains essential in shaping responsive and practical policy measures that address emerging economic challenges.

“The ZNCC values this continued strategic dialogue with the Reserve Bank of Zimbabwe and remains committed to advancing practical, research-based policy recommendations that strengthen the business environment and support Zimbabwe’s long-term economic transformation.

“As the Voice of Business, the Chamber will continue to engage constructively with policymakers to ensure that monetary policy supports both stability and private sector-led growth.”
The outcomes of the consultations are expected to feed into the formulation of the 2026 Mid-Term Monetary Policy Review, which is anticipated to provide further guidance on measures aimed at preserving macroeconomic stability while supporting economic growth and business competitiveness.