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. source: Reserve Bank of Zimbabwe
Interest Rate in Zimbabwe averaged 34.81 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 April 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. Looking forward, we estimate Interest Rate in Zimbabwe to stand at 40.00 in 12 months time. In the long-term, the Zimbabwe Interest Rate is projected to trend around 30.00 percent in 2022 and 22.50 percent in 2023, according to our econometric models.