Zimbabwe Tames Inflation, Now the Test Is Keeping It Below 10%

Zimbabwe’s annual inflation rate has fallen below 10% for the first time since 1997, a milestone for a nation once synonymous with hyperinflation and trillion-dollar banknotes. The question now is whether the stability can last.

The International Monetary Fund appears cautiously optimistic. The lender earlier this month approved a 10-month staff-monitored program for the southern African nation after years of engagement, and said inflation in 2026 is “expected to remain in single digits, reflecting tight monetary conditions and a more stable foreign-exchange market.”