Zimbabwe Achieves Single-Digit Inflation in January 2026, Ending 30-Year High Inflation Trend
Summary
The Reserve Bank of Zimbabwe Board of Directors has announced that Zimbabwe achieved single-digit inflation in January 2026, breaking a 30-year trend of chronic high inflation since the last local currency single-digit inflation was recorded. The milestone follows the introduction of the Zimbabwe Gold (ZiG) currency, which is backed by foreign currency reserves including gold and other precious minerals. Enhanced coordination between fiscal and monetary authorities—including the Treasury living within its means—enabled the Governor to implement prudent monetary policy measures required to maintain price stability. The Board has urged the Monetary Policy Committee and Reserve Bank staff to remain committed to consolidating and sustaining low and stable single-digit inflation.
“This commendable achievement breaks more than 3 decades of chronic high inflation, when the last local currency single-digit inflation was recorded.”
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GovPing monitors Zimbabwe Reserve Bank for new banking & finance regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 3 changes logged to date.
What changed
The Reserve Bank of Zimbabwe has announced the achievement of single-digit inflation in January 2026, representing the end of a 30-year period of chronic high inflation. This milestone is attributed to the introduction of the Zimbabwe Gold (ZiG) currency backed by foreign currency reserves including gold and precious minerals, along with enhanced fiscal-monetary coordination. The Board of Directors has expressed gratitude to the Governor, Management, and Staff while urging continued commitment to maintaining price stability going forward. Affected parties in Zimbabwe's financial sector and economy more broadly should note this shift toward sustained low-inflation conditions, which may influence monetary policy expectations and economic planning.
Archived snapshot
Apr 22, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
PRESS STATEMENT SINGLE DIGIT INFLATION: A MILESTONE ACHIEVEMENT IN ENTRENCHING PRICE STABILITY
The Reserve Bank Board of Directors acknowledges and congratulates the Reserve Bank of
Zimbabwe on the milestone achievement of single-digit inflation in January 2026. This commendable achievement breaks more than 3 decades of chronic high inflation, when the last local currency single-digit inflation was recorded. The milestone achievement underscores the willpower of His Excellency, The President of the Republic of Zimbabwe, Dr. E.D. Mnangagwa, in supporting the Governor and his Team in implementing a battery of bold and prudent monetary policy measures key in anchoring the disinflation programme. Precisely, the introduction of the Zimbabwe Gold (ZiG), which is backed by foreign currency reserves, particularly gold and other precious minerals, has laid a strong foundation for lasting price, currency and exchange rate stability. The Board recognises the oversight and complementary role of the Minister of Finance, Economic Development and Investment Pro motion, Prof. M. Ncube. Precisely, the Treasury,
by living within its means, has allowed the Governor to implement the prudent monetary policy
measures required to realise the Reserve Bank's Mandate of maintaining price stability. In addition, enhanced coordination between fiscal and monetary authorities has been instrumental in achieving single-digit inflation. The Board wishes to express its sincere gratitude to the Reserve Bank Governor, Monetary , Executive and Senior Management, and Staff for the Policy Committee, Deputy Governors sterling work, diligence and discipline in executing their duties. Furthermore, the Board also wishes to acknowledge the Reserve Bank's key stakeholders whose contributions have supported the realisation of this milestone achievement. Going forward, the Board urges the Monetary Policy Committee and the Reserve Bank Staff to remain committed and steadfast in consolidating and sustaining the low and stable single- digit inflation. t, will continue to provide proactive and strategic oversight to ensure The Board, on its par price stability is entrenched in the economy. Mr. E.I. Manikai Mrs. M. Dzumbunu Deputy Chair Chair HR Committee Reserve Bank Board Reserve Bank Board 3 February 2026
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