The Reserve Bank of Zimbabwe announced that kept unchanged its overnight lending rate at 40% during an unscheduled monetary policy meeting held on April 30th, saying is confident the prevailing slowdown in inflation is likely to continue and is now forecasting inflation to slow down to 55 percent by July this year. Annual inflation fell for the third straight month to 194% in April, its lowest level since January of 2020. The Bank also reaffirmed its strong commitment to continue with the conservative monetary policy stance to ensure that current price stability is maintained. Meanwhile, in an effort to support Micro, Small and Medium Enterprises (MSMEs), the Committee approved a facility of $500 million for term finance for purposes of enhancing production and productivity across all the sectors of the economy. source: Reserve Bank of Zimbabwe
Interest Rate in Zimbabwe averaged 35.34 percent from 2019 until 2021, reaching an all time high of 70 percent in September of 2019 and a record low of 15 percent in March of 2019. This page provides the latest reported value for - Zimbabwe Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Zimbabwe Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Interest Rate in Zimbabwe is expected to be 40.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Zimbabwe to stand at 30.00 in 12 months time. In the long-term, the Zimbabwe Interest Rate is projected to trend around 30.00 percent in 2022 and 25.00 percent in 2023, according to our econometric models.