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.