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Zimbabwe's central bank held its record-high 35% interest rate in 2026 to fight inflation and stabilize the currency, despite economic strain and low public trust in its gold-backed currency.
The Reserve Bank of Zimbabwe kept its 35% benchmark interest rate—the highest in Africa—amid concerns over business liquidity and economic stagnation, citing inflation control and currency stability as priorities.
While inflation fell to 0.3% by mid-2025 and GDP growth is projected at 6.6%, high borrowing costs continue to strain firms, with limited credit access and rising corporate distress.
The RBZ eliminated some banking fees and expanded a $1.2 billion funding facility for key industries but maintained its tight policy stance, warning against premature rate cuts.
It also dropped a fixed 2030 timeline for adopting a single currency, a move seen as reducing policy unpredictability.
Despite progress with the gold-backed ZiG, public confidence remains low, with only 30% of transactions using the local currency.
El banco central de Zimbabwe mantuvo su tasa de interés récord del 35% en 2026 para combatir la inflación y estabilizar la moneda, a pesar de la tensión económica y la baja confianza del público en su moneda respaldada en oro.