Impact Of The 2024 Monetary Policy Statement On National Competitiveness - National Competitiveness Commission

Impact Of The 2024 Monetary Policy Statement On National Competitiveness

The National Competitiveness Commission (NCC) is mandated to enable the creation of a competitive environment for Zimbabwean businesses through the development, coordination, and implementation of key policy improvements. Further, the Commission is expected to analyze and closely monitor the macro-economic policies that have an impact on national competitiveness and propose areas of intervention thereof.

Against this background, the Commission provides an analysis of the impact of the 2024 Monetary Policy Statement (MPS) on business and national competitiveness. The analysis explicitly focuses on the anticipated impact of the policy instruments on business and the country’s overall competitiveness.

The 2024 MPS targets two main strategic policy pillars of restoring price and exchange rate stability and re-monetizing the local currency to reclaim its main roles of being a medium exchange and a store of value. Further, the monetary policy framework seeks to rebuild market confidence.

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