Key data points
Last release
—
Observation period
Dec 4, 2024
Next release
—
Forecast
—
Highest
200.00 % on Jan 31, 2023
Lowest
15.00 % on May 31, 2020
About 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.
Related indicators
Frequently Asked Questions
Zimbabwe interest rate is 35% at the moment.
Last month Zimbabwe interest rate was 35%, and the month before that it amounted to 35%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.