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 Fed's Mester Urges Acknowledgment of Economic Uncertainties READ MORE Oil Prices Trim Gains as U.S. Jobs Data Delays Rate Cut Expectations READ MORE Silver Surges Past Gold, Ratio Suggests Further Gains to Come READ MORE Europe Rallies on French Election, US Awaits Jobs Data READ MORE Zimbabwe's State Miner Seeks $150M Investment to Boost Gold Production at Shamva READ MORE Add a Comment Cancel replyYour email address will not be published.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