The Reserve Bank of Zimbabwe cut its benchmark policy rate by 250 basis points to 27.5% on September 28, 2026, bringing total rate reductions since June to 750 basis points. The central bank cited continued macroeconomic stability, with annual ZiG inflation rising modestly to 3.7% in September from a record-low 2.9% in August, while monthly inflation averaged 0.4% from January to September. The MPC maintained its 5% growth forecast for 2026, supported by strong mining and agriculture activity, while foreign currency inflows rose 37.8% to $14.3 billion through August. The rate cut is intended to support growth and align monetary policy with subdued inflation dynamics, while the MPC stressed it does not signal monetary easing. source: Reserve Bank of Zimbabwe

The benchmark interest rate in Zimbabwe was last recorded at 27.50 percent. Interest Rate in Zimbabwe averaged 66.64 percent from 2019 until 2026, reaching an all time high of 200.00 percent in June of 2022 and a record low of 15.00 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 October of 2026.

The benchmark interest rate in Zimbabwe was last recorded at 27.50 percent. Interest Rate in Zimbabwe is expected to be 30.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Zimbabwe Interest Rate is projected to trend around 17.00 percent in 2027 and 15.00 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Banks Balance Sheet 222476.10 215971.90 ZWG Million Jul 2026
Deposit Interest Rate 13.07 12.88 percent Jul 2026
Interest Rate 27.50 30.00 percent Sep 2026
Lending Rate 45.51 46.39 percent Jul 2026
Money Supply M1 124113.95 120024.88 ZWG Million Jul 2026
Money Supply M2 147353.09 141501.48 ZWG Million Jul 2026
Money Supply M3 147930.73 142010.22 ZWG Million Jul 2026


Zimbabwe Interest Rate
The Reserve Bank of Zimbabwe is responsible for the formulation and implementation of monetary policy, directed at ensuring low and stable inflation levels. A further core function of the Bank is to maintain a stable banking system through its supervisory and lender of last resort functions. Its official rate is the interest rate on the Reserve Bank overnight window. Zimbabwe has appointed a monetary policy committee (MPC) at its central bank on September 10th, 2019.
Actual Previous Highest Lowest Dates Unit Frequency
27.50 30.00 200.00 15.00 2019 - 2026 percent Daily

News Stream
Zimbabwe Cuts Policy Rate to 27.5%
The Reserve Bank of Zimbabwe cut its benchmark policy rate by 250 basis points to 27.5% on September 28, 2026, bringing total rate reductions since June to 750 basis points. The central bank cited continued macroeconomic stability, with annual ZiG inflation rising modestly to 3.7% in September from a record-low 2.9% in August, while monthly inflation averaged 0.4% from January to September. The MPC maintained its 5% growth forecast for 2026, supported by strong mining and agriculture activity, while foreign currency inflows rose 37.8% to $14.3 billion through August. The rate cut is intended to support growth and align monetary policy with subdued inflation dynamics, while the MPC stressed it does not signal monetary easing.
2026-10-01
Zimbabwe Cuts Key Rate for First Time Since 2024
The Reserve Bank of Zimbabwe slashed its benchmark lending rate by 500 basis points to 30% on June 15, 2026, marking its first policy rate adjustment since introducing the Zimbabwe Gold (ZiG) currency in 2024. The central bank cited improving global conditions, particularly the U.S.-Iran interim peace deal, which helped stabilize oil prices and ease inflation expectations. Domestically, inflationary pressures have also moderated, with annual inflation slowing to 4.4% in May 2026, the lowest level in three months. The rate cut is aimed at supporting economic activity while maintaining price stability under the ZiG monetary framework.
2026-06-16
Zimbabwe Keeps Policy Rate at 35%
Zimbabwe's central bank left its main interest rate unchanged at 35% on February 27, 2026, maintaining the level in place since September 2024. The country's inflation rate has slowed markedly in recent months, reaching 3.8% in February, helped by the relative stability of the ZIG currency. Governor John Mushayavanhu emphasized that the central bank needs to ensure inflation is firmly anchored before considering any changes to the policy rate.
2026-02-27