Zimbabwe Central Bank Holds Policy Rate at 35 Percent
The central bank kept its main rate at 35 percent on Friday to anchor inflation. Governor John Mushayavanhu noted that local price growth slowed to 3.8 percent.
The central bank of Zimbabwe has decided to keep its benchmark interest rate unchanged at 35%, according to an announcement made on Friday. The move is intended to solidify the country's economic stability and ensure that inflationary pressures remain under control.
Speaking at a press conference regarding the monetary policy outlook for 2026, central bank governor John Mushayavanhu explained the rationale behind the pause in rate adjustments. He noted that while progress has been made, the bank remains committed to a steady policy environment.
We need to make sure inflation is anchored first, therefore the policy rate will remain at 35%.
Recent economic indicators show that inflation in the Southern African nation has slowed considerably. In February, the year-on-year inflation rate was recorded at 3.8% in local currency terms. This cooling of prices follows a period of significant economic adjustment, as the central bank continues to manage the transition toward long-term price stability.
