Zimbabwe

Zimbabwe cuts lending rate for the second time in 2023

Zimbabwe becomes the second African country to drop lending rates for the second time this year, after Angola.

Leading Zimbabwean trade body warns against full dollarization of the economy

76% of government spending is in U.S. dollars and could cause damage to Zimbabwe’s economy long term, the Confederation of Zimbabwe Industries wrote

Inflation in Africa: Many countries continue to witness historically high consumer prices

While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.

Reserve Bank of Zimbabwe says CBDC project is progressing ‘steadily’

Its call for public opinion on the project had received 2,286 responses as of January 2023.

60% of African countries recorded lower consumer prices in December

Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.

Six of eleven African countries reported an inflation rate drop in November

African consumers are beginning to see steadier prices as 2022 nears its end, according to the latest inflation figures.

BIS survey finds differing motivations in African CBDC adoption

More than half of the surveyed central banks said the ability to provide cash in a digital form was the leading consideration for exploring CBDC.