Monetary Policy webinar:  Registration closes today

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THE Daily News webinar on the Monetary Policy Statement (MPS) is set for tomorrow, amid calls by the organisers for participants to register early to avoid disappointment.

To be officiated by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya, the webinar is meant to provide the central bank chief with a platform to get feedback from captains of industry and commerce as well as from representatives of professional bodies following the unveiling of the MPS last Thursday.

Issues likely to come under discussion include the target set by monetary authorities to reduce annual inflation from the current 362,6 percent to 10 percent by the end of the year, upward review of  the bank rate policy to 40 percent from 35 percent as well as the mid-term lending rate to 30 percent from 25 percent.

Additionally, the MPS increased daily withdrawal limits to $2 000 in addition to introducing a $50 note.

Daily News commercial director Lewis Chikurunhe described the webinar as a platform for captains of industry and commerce to listen to insights on the MPS from the horse’s mouth and to pose any questions that they might have.

“Participation is free. For bookings, we are encouraging those interested to kindly get in touch with our events team since participation in the webinar is only for those who would have registered prior. To avoid disappointment, register now,” he said.

“The interest in the event has been encouraging. Many are likely to seek more clarity on the central bank governor’s ambitious pronouncements. We have received registration enquiries even from beyond Zimbabwe’s borders. This is not surprising given the important issues likely to come under discussion.

“Finance and Economic Development minister Mthuli Ncube will also grace the highly-anticipated webinar,” added Chikurunhe.

He also attributed the huge interest in the event to the high powered panel that has been put in place by the organisers.

“The panel that will interface with the RBZ governor is also geared for the occasion. It is made up of knowledgeable and experienced people from key sectors,” said Chikurunhe.

The panel consists of Institute of Chartered Accountants of Zimbabwe president Duduzile Shinya; Bankers Association of Zimbabwe president Ralph Watungwa; Confederation of Zimbabwe Retailers president Denford Mutashu and Confederation of Zimbabwe Industries economic affairs committee member Jimmy Psilos.

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