The Reserve Bank of Zimbabwe slashed its Bank policy rate to 35 percent from 70 percent during its November meeting, saying that the inflation outlook is positive despite the recent spike in monthly inflation to 38.8 percent, mainly due to shocks caused by electricity and fuels prices. Policymakers added that there is a need to align monetary policy to the envisaged fiscal policy for 2020 which aims to boost productivity, growth and job creation. The central bank also said that the current policy stance may be further reviewed at future meetings. Interest Rate in Zimbabwe averaged 35 percent from 2019 until 2019, reaching an all time high of 70 percent in September of 2019 and a record low of 15 percent in March of 2019.
Interest Rate in Zimbabwe is expected to be 35.00 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 35.00 in 12 months time. In the long-term, the Zimbabwe Interest Rate is projected to trend around 25.00 percent in 2020, according to our econometric models.