Zimbabwe has lowered its interest rates by 20 percentage points, from 150% to an annual rate of 130%.
The key rates a tool used by Central Banks to implement monetary policy.
A reduction in interest rates counters a weakening of prices, or a possible deflationary situation. It also revitalizes the economy and helps to increase exports.
This change is the first to have taken place since on June6th 2023, when the Central Bank increased interest rates by 10 percentage points to 150%.
Here we show you the progression of interest rates in Zimbabwe. You can see interest rates in other countries in interest rates and see all the economic information about Zimbabwe in Zimbabwe economy.