Zimbabwe's central bank said on Wednesday that its Monetary Policy Committee (MPC) had met and decided to leave its policy rate unchanged at 35%. The bank said in a statement that the MPC wanted to maintain tight policy to anchor inflation expectations.

Zimbabwe’s central bank retained Africa’s highest interest rate and affirmed its tight monetary policy stance will continue into 2025.

Zimbabwe’s economic woes are set to follow it into the new year, as it continues with Africa’s highest interest rate. ・Zimbabwe maintains Africa's highest interest rate at 35%. ・Reserve Bank of Zimbabwe's hardline approach has boosted the country's bullion-backed currency.

Namibia's central bank cut its main interest rate for the third meeting in a row on Wednesday, as inflation continued to tick lower in the southern African country. The Bank of Namibia reduced its repo rate by 25 basis points to 7.