HARARE —
"The moderation in interest rates is important and necessitated by the downward trend in the month-on-month inflation since the last quarter of 2022," said the bank, adding it expects the trend to continue into 2023.
Monthly inflation fell to 1.1% in January from 2.4% in December, while yearly inflation dipped to 229.8% from 243.8%.
"The Bank will continue its tight monetary policy stance," it added.
Zimbabwe's interest rates are among the highest in the world.
