Simbabwe Zinssatz

Zimbabwe's central bank announced its decision to maintain the benchmark interest rate at 35% following a meeting held on December 3, 2024, keeping borrowing costs at their highest since March. The central bank said that the MPC resolved to keep the current tight monetary policy stance to ensure that inflation expectations remain well anchored. Monthly consumer inflation eased significantly to 11.7% in November 2024, down from 37.2% in October, largely due to the strengthening of the ZIG currency. The October inflation spike stemmed from the ZIG’s 40% depreciation in late September. In response to current tight liquidity conditions and to support economic growth and the productive sector, the Monetary Policy Committee (MPC) introduced a Targeted Finance Facility (TFF) to be administered through the banking system. The central bank also reaffirmed its commitment to a tight monetary policy stance, which will continue into 2025.