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 Summer Demand Boost and OPEC+ Cuts Drive Oil Prices Higher READ MORE Why This Gold Bull Market Could Be Very Different READ MORE Opinion: Cutting Interest Rates is Misguided READ MORE Gold's Bright Future: Predicted Surge Past $2,500 in 2024 READ MORE Fed's Kashkari Stresses Need for Significant Inflation Progress Before Rate Cuts READ MORE Add a Comment Cancel replyYour email address will not be published.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