The Reserve Bank of Zimbabwe (RBZ) has achieved a significant milestone, with the country’s year-on-year inflation rate falling to a single-digit figure of 4.1% in January 2026, marking the first time this has been achieved since 1997. This notable accomplishment is a testament to the effectiveness of the RBZ’s policy structures and the support of President ED Mnangagwa.
The introduction of the Zimbabwe Gold (ZiG), backed by gold reserves, has played a crucial role in stabilizing the market and laying the foundation for continued price, currency, and exchange rate stability. The ZiG has helped to instill confidence in the economy and has contributed to the decline in inflation.
The RBZ board of directors has congratulated the Apex bank on this achievement, applauding Governor Dr. John Mushayavanhu for his leadership and policy crafting. Under his guidance, the RBZ has been able to surpass set targets and maintain economic stability.
“This achievement is a reflection of the RBZ’s commitment to implementing sound monetary policies and its dedication to promoting economic stability,” said the RBZ board.
“The support of President ED Mnangagwa has been instrumental in driving this progress, and we look forward to continued collaboration to ensure the country’s economic growth and development.”
The RBZ’s efforts to combat inflation have been multifaceted, including the implementation of tight monetary policies and the introduction of the ZiG. These measures have helped to stabilize the economy and have contributed to the decline in inflation.
The achievement of a single-digit inflation rate is expected to have a positive impact on the economy, boosting investor confidence and promoting economic growth. The RBZ has reiterated its commitment to maintaining economic stability and promoting growth, and is confident that it will continue to implement policies that support the country’s economic development.
