Own Correspondent|Reserve Bank of Zimbabwe (RBZ) governor John Mangudya is gradually showing signs of throwing in the towel as his offices gets tougher with the crumbling economy.

In a shocking stance, the apex bank governor shocked parliamentarians when he said the central bank should not be blamed for the unpopular and inconsistent monetary policies, but instead the blame should be directed to government ministers.

He said the Central Bank was merely an advisor to the government.

Mangudya was giving oral evidence before the Parliament’s Budget, Finance and Economic Development committee Monday.

The MPs condemned Mangudya’s policies saying they had failed to realise the economic aspirations of the ordinary people of Zimbabwe.

“I will tell the role of the central bank, it is to manage money supply in the economy to guard against inflation,” he told the committee.

“The role of the central bank is to advise the Executive and central bank is not the Executive. Ours is to advise the Cabinet. You cannot then blame me the messenger for relaying the message or to say the messenger has failed.”

“The frequency of meetings in this country is a sign that things are not right. It’s a sign that the economy is not doing well. We need to work very hard, “ he said.