Zimbabwe just saw its inflation crash from 82.7% down to 19% over three months, and the Reserve Bank of Zimbabwe's Monetary Policy Committee announced that Governor Dr. John Mushayavanhu expects single-digit inflation by early 2026. The ZiG local currency is stabilizing at a rate the country hasn't seen in decades, with officials projecting inflation will hit somewhere between 15% and 17% by the end of this year.
Foreign currency reserves surged past $13 billion through October, which gave the ZiG about $1 billion in backing and helped the foreign exchange market run smoothly. The committee decided to keep the Bank Policy Rate at 35% and maintain a tight monetary policy to lock in these gains before loosening anything up.
Officials say this progress shows the country is moving toward using just one currency by 2030, which is part of their bigger development plan.
Foreign currency reserves surged past $13 billion through October, which gave the ZiG about $1 billion in backing and helped the foreign exchange market run smoothly. The committee decided to keep the Bank Policy Rate at 35% and maintain a tight monetary policy to lock in these gains before loosening anything up.
Officials say this progress shows the country is moving toward using just one currency by 2030, which is part of their bigger development plan.
