BoB upbeat on 2018 economic prospects
Friday, May 04, 2018
On Tuesday, BoB governor, Moses Pelaelo announced that the key bank rate would be maintained at five percent, based on subdued domestic demand pressures and low upward threats to inflation. The accommodative monetary policy position supports economic activity particularly in the non-mining sector.
Government expects 2018 growth to reach 5.3%, higher than the World Bank’s forecast of 4.7%. Last year, the economy grew by 2.4%, down from government’s forecast of 4.7%, a drop economists have said was due to the closure of BCL and Tati Nickel mines.
The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...