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.

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Zimbabwe Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
35.00 50.00 70.00 15.00 2019 - 2019 percent Daily

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.

Zimbabwe Money Last Previous Highest Lowest Unit
Interest Rate 35.00 50.00 70.00 15.00 percent [+]
Money Supply M1 21668884.00 17871360.53 21668884.00 216333.00 USD Thousands [+]
Money Supply M2 23331840.00 19491136.30 23331840.00 297563.00 USD Thousands [+]
Money Supply M3 23551730.00 19694065.28 23551730.00 297626.00 USD Thousands [+]
Lending Rate 35.00 35.00 35.00 16.00 percent [+]
Banks Balance Sheet 40886.30 35816.20 40886.30 601.60 USD Million [+]