WebJun 27, 2024 · The MPC reviewed interest rates and statutory reserves with effect from 1st July 2024 as follows: i. Increasing the Bank policy rate from 80% to 200% per annum; ii. … WebMay 1, 2024 · The Reserve Bank of Zimbabwe (RBZ) cut its policy rate by another 10 percentage points to 15.0 percent and has now cut it by 20 percentage points this year …
Exchange Rates
WebJan 28, 2024 · THE Reserve Bank of Zimbabwe (RBZ) last week maintained the key overnight bank accommodation rate at 35 percent, reflecting the level at which the central bank believes interest rates should hover. Analysts, however, say for short-term loans the 35 percent overnight bank accommodation rate is on the high side and would only be close … WebPlease note that this information is provided for historical and research purposes. Date. Official Interbank Rate. Parallell Market Rate. 27-Feb-2024. 2.5000. 3.50. 28-Feb-2024. 2.5000. tso christmas
Exchange Rates - RBZ
WebJan 28, 2024 · THE Reserve Bank of Zimbabwe (RBZ) has ruled out using an interbank-driven exchange rate, saying a rate determined at the foreign currency auction system would … WebZimbabwe's central bank cut its policy rate by 50 bps to 150% on February 2nd, 2024, saying monthly inflation has been trending down since the last quarter of 2024. Consumer prices went up 1.1% from a month earlier in January, easing from a 2.4% rise in December, prompting the annual rate to ease to 229.8% from 243.8%. The central bank added that its … WebMay 18, 2024 · The Reserve Bank of Zimbabwe (RBZ) says the Foreign Exchange Auction System, which was introduced by the Bank on 23 June 2024 has been successful in achieving price stability in the national economy. Speaking regarding the system in March this year, RBZ Governor John Mangudya said success has been achieved through market … tso christmas 2017