On June 15, 2026, the Reserve Bank of Zimbabwe cut its benchmark lending rate by 500 basis points to 30%, marking the first adjustment to its policy rate since the introduction of the Zimbabwe Gold (ZiG) currency in 2024. The central bank attributed the move to improving global conditions, notably the U.S.–Iran interim peace agreement, which has helped stabilize oil prices and ease inflation expectations.
Inflationary pressures have also moderated at home, with annual inflation slowing to 4.4% in May 2026, its lowest level in three months. The rate cut is intended to support economic activity while preserving price stability within the ZiG-based monetary framework.
