Zimbabwe Cuts Key Rate for First Time Since 2024

2026-06-16 00:59 By Farida Husna 1 min. read

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.



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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