The Reserve Bank of Zimbabwe slashed its benchmark lending rate by 500 basis points to 30% on June 15, 2026, marking its first policy rate adjustment since introducing the Zimbabwe Gold (ZiG) currency in 2024. The central bank cited improving global conditions, particularly the U.S.-Iran interim peace deal, which helped stabilize oil prices and ease inflation expectations. Domestically, inflationary pressures have also moderated, with annual inflation slowing to 4.4% in May 2026, the lowest level in three months. The rate cut is aimed at supporting economic activity while maintaining price stability under the ZiG monetary framework.