Zimbabwe Keeps Interest Rate at 20%, Predicts Inflation Below 5% by Year-End Zimbabwe’s central bank has maintained its key interest rate at 20%, anticipating that inflation will remain subdued and fall below 5% by year-end, thanks to its new bullion-backed currency, the ZiG. Governor John Mushayavanhu stated that the monetary policy committee aims to sustain current economic stability. The ZiG, introduced in April, has helped reduce monthly consumer prices, which fell by 2.4% in May. Despite this, the currency weakened to a record low of 13.68 against the dollar. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts What Is the Best Gold to Buy? READ MORE Latest Inflation Data Shows Fed Has More Work to Do READ MORE Currency Markets Hold Steady as Traders Eye U.S. Inflation Data READ MORE PRICE ALERT: Gold to $2,415 Nearing Record Highs, Silver to $31.50 READ MORE Japan Sounds the Alarm on Yen's Speculative Tumble Amidst Rising U.S. Inflation READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment