Zimbabwe’s inflation rate is expected to decline in the coming months, supported by a stronger local currency and increased revenue from booming gold exports, the country’s finance authorities said on Monday.
Finance Minister Mthuli Ncube stated that the government’s fiscal and monetary reforms, coupled with the gold-backed currency introduced earlier this year, have begun to stabilize prices after years of volatility. “We are now witnessing the positive impact of sound monetary policies and rising mineral receipts, particularly from gold, which have strengthened our reserves and exchange rate stability,” Ncube told The Herald in Harare.
Gold deliveries reached a record 37 tonnes between January and September, according to data from the Reserve Bank of Zimbabwe, with the mining sector contributing significantly to foreign exchange earnings. Economic analysts cited by Bloomberg noted that steady mineral exports and tighter monetary controls could help inflation fall below 20% by early 2026, down from more than 25% recorded in September.
The World Bank has also forecast a moderate rebound for Zimbabwe’s economy, highlighting mining and agriculture as key growth drivers. However, the Bank cautioned that sustained progress will depend on continued policy discipline and improved investment conditions in the coming year.
