Monetary Policy Statement Is Rubbish - David Coltart

Former Minister for Primary and Secondary Education David Coltart has lambasted the Monetary Policy Statement presented by the Central Bank Governor John Mangudya on Wednesday last week.

Coltart was not even impressed by Finance Minister Mthuli Ncube’s presentation. Said Coltart:

This is poppycock – the monetary policy is vague and confusing. No foreign investor is going to be attracted by a policy which fails to address the fundamental need of any currency – the confidence of the public in the issuing authority, namely the central bank.