The benchmark interest rate in Zimbabwe was last recorded at 200 percent. source: Reserve Bank of Zimbabwe

Interest Rate in Zimbabwe averaged 59.22 percent from 2019 until 2022, reaching an all time high of 200.00 percent in June of 2022 and a record low of 15.00 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 November 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 30.00 percent in 2024, according to our econometric models.

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Zimbabwe Interest Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-06-27 09:30 AM 200% 80%
2022-08-29 02:30 PM 200% 200%
2022-09-27 12:40 PM 200% 200%

Related Last Previous Unit Reference
Interest Rate 200.00 200.00 percent Oct 2022
Money Supply M1 1746038037.00 1461955622.00 USD Thousands Sep 2022
Money Supply M2 1903106030.00 1596128151.00 USD Thousands Sep 2022
Money Supply M3 1917153525.00 1608913726.00 USD Thousands Sep 2022
Deposit Interest Rate 92.00 92.00 percent Sep 2022
Lending Rate 230.00 230.00 percent Sep 2022
Banks Balance Sheet 2756949.80 2412082.60 USD Million Sep 2022

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
200.00 200.00 200.00 15.00 2019 - 2022 percent Daily

News Stream
Zimbabwe Keeps Key Interest Rate at 200%
The central bank of Zimbabwe decided to hold its key policy rate at a record high of 200% during a meeting held in September of 2022, to ensure the current disinflation trend is sustained, in both the short and long-term, that is, until monthly inflation attains desired levels of less than 5%. Policymakers mentioned the positive impact of recent policy measures, which have resulted in the significant fall of month-on-month inflation to 3.5% in September from 12.4% in August; while the annual inflation eased to 280.4% in September, from 285.1% in August. The Committee had projected annual inflation to start tapering in September 2022, having earlier reached its plateau in August 2022.
Zimbabwe Holds Interest Rate at 200%
The central bank of Zimbabwe kept its key policy rate at a record high of 200% during a meeting held in August of 2022, in an attempt to contain triple-digit inflation while ensuring adequate support to the economy. Policymakers noted that the monthly inflation eased to a five-month low of 12.4% in August of 2022 and it is expected to fall further; while the annual inflation accelerated to 285% and it should continue rising to reach an annual peak in September due to the lower base effect in 2021. Accordingly, both the official and parallel market foreign exchange rates are expected to converge in the outlook period, thereby fostering price stability and anchoring inflation and exchange rate expectations.
Zimbabwe Hikes Key Rate to 200%
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.