Harare — September 28, 2026 — Zimbabwe’s central bank has lowered its benchmark lending rate from 30% to 27.5%, in a move aimed at easing borrowing conditions in the country.
The Reserve Bank of Zimbabwe announced the rate cut in a statement on Monday, reducing the benchmark by 2.5 percentage points.
The decision comes as Zimbabwe continues to navigate economic pressures while authorities seek to support economic activity and improve access to credit.
Lower benchmark lending rates can reduce borrowing costs for businesses and consumers, potentially supporting investment and spending across the economy.
The central bank did not provide further details on the reasons for the latest adjustment in the statement cited by Reuters.
Source: Reuters
Reporting: Chris Takudzwa Muronzi
Writing: Nilutpal Timsina
Editing: David Goodman
