Zimbabwe has increased its interest rates by 20 percentage points, from 40% to an annual rate of 60%.
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 February18th 2021, when the Central Bank increased interest rates by 5 percentage points to 40%.
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.