HARARE, June 16 (Xinhua) -- The Reserve Bank of Zimbabwe (RBZ) on Tuesday reduced its bank policy rate to 30 percent, down from 35 percent, amid low and stable inflation.
The decision of the Monetary Policy Committee (MPC) aligns the policy rate with a structural shift in inflation dynamics, rather than easing the monetary policy, RBZ Governor John Mushayavanhu said in a statement.
"Going forward, the MPC will continue to calibrate the monetary policy stance on a meeting-by-meeting basis based on the evolution of macroeconomic fundamentals," he said.
The central bank remains vigilant to emerging risks and stands ready to support the country's inflation and growth objectives, Mushayavanhu said.
The rate cut comes as Zimbabwe's annual ZiG inflation maintains a downward trend, falling from 95.8 percent in July 2025 to 4.4 percent in May 2026.
Meanwhile, U.S. dollar inflation has hovered around 2 percent since the beginning of this year. ■