Zimbabwe Cuts Policy Rate to 27.5%

2026-10-01 06:54 By Kyrie Dichosa 1 min. read

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.



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