Zimbabwe central bank cuts its policy rate on Monday from 35% to 30% (500bps),
the first rate cut since April 2024 when the bank reset rates after introduction
the new ZiG currency. Headline inflation slowed to 4.4% YoY in May from 4.8% the
prior month. The central bank noted that if the U.S.-Iran peace agreement
restores oil and fertilizer supplies fully, price pressures could ease further,
helping lower energy and food costs.
