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. source: Reserve Bank of Zimbabwe

Interest Rate in Zimbabwe averaged 35.65 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 September 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. 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.

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Zimbabwe Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
40.00 40.00 70.00 15.00 2019 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2021-03-30 02:20 PM 40% 40%
2021-05-04 01:45 PM 40% 40%
2021-07-02 01:30 PM 40% 40% 40%
2021-08-30 11:40 AM 40% 40%
2021-12-03 02:00 PM 40% 40%


News Stream
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
Zimbabwe Holds Key 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 June 30th, in an effort to entrench the prevailing economic stability, positive growth trajectory and sustain the inflation decline. The Committee noted the current disinflationary trajectory which has seen annual inflation further falling from 161.9% in May to 106.6% in June 2021. The Bank expects annual inflation to decline to 55% by end July 2021 and to below 25% by December 2021.
2021-07-02
Zimbabwe Holds Key Interest Rate at 40%
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.
2021-05-04
Zimbabwe Leaves Key Interest Rate Steady at 340%
The Reserve Bank of Zimbabwe announced that kept unchanged its overnight lending rate at 40% during an unscheduled monetary policy meeting held on March 26th, in order to sustain the current disinflation trajectory and ensuring macroeconomic stability. The Committee noted that the implementation of a monetary targeting framework and the introduction of the foreign exchange auction system which has resulted in the current stability of the exchange rate have anchored inflation expectations, contributing to ongoing reduction in inflation. Headline inflation slowed from 837.5% in July 2020 to 240% in March 2021; while monthly inflation fell from a peak of 35.53% in July 2020 to 2.26% in March 2021. The Committee also resolved to put in place a term lending facility to assist funding needs of small and medium enterprises.
2021-03-30

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.