The Reserve Bank of Zimbabwe has maintained its benchmark policy rate at 35 percent, reinforcing a cautious monetary stance aimed at preserving price stability, as reported by MarketScreener.
According to Reuters’ coverage of the Monetary Policy Committee decision, the rate has remained unchanged since September 2024, reflecting authorities’ determination to consolidate gains made in curbing inflation after years of currency and price volatility. Governor John Mushayavanhu said policymakers opted to keep rates tight to avoid undermining progress achieved in stabilising prices.
Reuters reported that annual inflation in local currency terms slowed to about 3.8 percent in February 2026, marking one of the lowest readings in decades. The central bank expects inflation to remain in single digits through 2026 and projects economic growth of at least 5 percent, supported in part by stronger commodity prices, particularly gold and platinum group metals.
The decision is also intended to sustain confidence in Zimbabwe’s gold-backed ZiG currency, which authorities view as central to maintaining monetary stability. By holding rates steady, the Reserve Bank aims to anchor inflation expectations while supporting broader macroeconomic resilience, Reuters reported.
