The central bank of Zimbabwe raised its key policy rate to a record high of 200% from 80% on June 27th 2022, saying the increase in inflation was undermining consumer demand and confidence and that, if not controlled, it would reverse the significant economic gains achieved over the past two years. The inflation rate in Zimbabwe surged to 191.6% in June from 131.7% in May. The decision will take effect from July 1st. source: Reserve Bank of Zimbabwe
Interest Rate in Zimbabwe averaged 45.49 percent from 2019 until 2022, reaching an all time high of 200 percent in June of 2022 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 June of 2022.
Interest Rate in Zimbabwe is expected to be 200.00 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 50.00 percent in 2023 and 40.00 percent in 2024, according to our econometric models.