Zimbabwe has increased its interest rates by 20 percentage points, from 15% to an annual rate of 35%.
The key rates a tool used by Central Banks to implement monetary policy.
An increase in interest rates is used to slow down inflation and protect the currency.
This change is the first to have taken place since on April24th 2020, when the Central Bank lowered interest rates by 10 percentage points to 15%.
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.