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Zimbabwe forecasts stable exchange rate and inflation below 7%

By , based on Daily News (Zimbabwe)

Zimbabwe forecasts stable exchange rate and inflation below 7%Illustrative image · Atlantic Ambience · Pexels · Licence Pexels

The Reserve Bank of Zimbabwe expects the exchange rate to remain close to 26.60 ZiG to the US dollar until the end of the year, while inflation is forecast to end 2026 below 7%. Deputy governor Innocent Matshe presented the forecasts at the 2027 pre-budget seminar, the Daily News reported.

Zimbabwe’s central bank expects the exchange rate to remain relatively stable at around 26.60 Zimbabwean dollars to the US dollar until the end of 2026, with inflation below 7% in December. Deputy governor Innocent Matshe presented the forecasts on Wednesday 28 October at a seminar on the 2027 budget, the Daily News reported.

The forecasts were made as the government prepares its draft budget for 2027. Zimbabwe announced the previous week that it aimed to achieve a balanced budget by next year, according to the balanced budget plan presented on 28 October.

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