The Reserve Bank of Zimbabwe decided to keep unchanged its overnight lending rate at 60% during a monetary policy meeting held on December 3rd. Policymakers said that the previous monetary policy decisions had helped to stabilize the exchange rate and domestic prices. The monthly inflation decelerated to 5.76% in November of 2021 from a 14-month high of 6.4% in October, and it is expected to continue declining to low and sustainable levels. Still, the annual inflation climbed for the third straight month to 58.4% in November, but would end the year 2021 at between 58% and 60% and at less than 20% in 2022. Meanwhile, the Committee noted that the country was on course to attaining a positive economic growth trajectory of 7.8% in 2021 and 5.5% in 2022. source: Reserve Bank of Zimbabwe

Interest Rate in Zimbabwe averaged 37.86 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 January of 2022.

Interest Rate in Zimbabwe is expected to be 60.00 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 70.00 percent in 2023 and 50.00 percent in 2024, according to our econometric models.

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Zimbabwe Interest Rate


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
60.00 60.00 70.00 15.00 2019 - 2021 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
2021-08-30 11:40 AM 40% 40%
2021-10-28 06:10 PM 60% 40%
2021-12-07 10:00 AM 60% 60% 60%
2022-02-08 03:00 PM 60% 60%


Related Last Previous Unit Reference
Interest Rate 60.00 60.00 percent Dec/21
Money Supply M1 400698387.00 385927356.00 USD Thousands Nov/21
Money Supply M2 433908205.00 413832113.00 USD Thousands Nov/21
Money Supply M3 437916017.00 417561784.00 USD Thousands Nov/21
Deposit Interest Rate 26.00 26.00 percent Nov/21
Lending Rate 85.00 85.00 percent Nov/21
Banks Balance Sheet 616366.50 587237.60 USD Million Nov/21


News Stream
Zimbabwe Holds Key Interest Rate at 60%
The Reserve Bank of Zimbabwe decided to keep unchanged its overnight lending rate at 60% during a monetary policy meeting held on December 3rd. Policymakers said that the previous monetary policy decisions had helped to stabilize the exchange rate and domestic prices. The monthly inflation decelerated to 5.76% in November of 2021 from a 14-month high of 6.4% in October, and it is expected to continue declining to low and sustainable levels. Still, the annual inflation climbed for the third straight month to 58.4% in November, but would end the year 2021 at between 58% and 60% and at less than 20% in 2022. Meanwhile, the Committee noted that the country was on course to attaining a positive economic growth trajectory of 7.8% in 2021 and 5.5% in 2022.
2021-12-07
Zimbabwe Lifts Key Interest Rate to 60%
The Reserve Bank of Zimbabwe raised its overnight lending rate by 200bps to 60% from 40% during a monetary policy meeting held on October 28th. It is the first rate hike since May 2020 and brings borrowing cost to the highest since October 2019. Policymakers expressed concern regarding the recent increase in month-on-month inflation, from 4.7% in September 2021 to 6.4% in October 2021, and annual inflation from 51.5% to 54.5% over the same period, driven mainly by the resurgence in the volatility of the parallel market exchange rate.
2021-10-28
Zimbabwe Keeps Interest Rate at 40%
The Reserve Bank of Zimbabwe announced that kept unchanged its overnight lending rate at 40% during a monetary policy meeting held on August 27th. Policymakers emphasised the need for staying the course of the current monetary policy stance which has proven to be effective in curbing inflation and fostering monetary stability in the economy. The current disinflationary trajectory has seen annual inflation dropping from 837.5% in July 2020 to 50.2% in August 2021, the lowest since December of 2018.
2021-08-30