Throughout Africa, central banks proceed to curb inflation with out choking off financial progress.
In consequence, financial coverage charges (MPRs) stay elevated throughout a lot of the continent, underscoring how pricey borrowing nonetheless is for households and companies.
From Zimbabwe’s exceptionally excessive 35% benchmark fee to The Gambia’s comparatively decrease 16%, borrowing prices replicate differing levels of inflationary stress, forex fragility, fiscal stress, and structural constraints.
Whereas a number of central banks have begun cautiously easing coverage as inflation moderates, monetary circumstances stay tight by each historic and world requirements.
Taken collectively, these coverage stances spotlight Africa’s uneven and fragile path towards worth stability and extra inexpensive credit score.
Under are the African nations with the very best financial coverage charges as of December 2025.
- Earlier: 17.00% | Final MPC Assembly: December 2025
The Gambia rounds out the checklist after chopping its coverage fee to 16% at its December 2025 MPC assembly. The choice adopted continued moderation in headline inflation, which eased to about 7% in October 2025, its lowest stage since 2020, alongside comparatively sturdy exterior reserves by regional requirements.
Decrease import prices, improved home meals provide, and sustained financial self-discipline helped anchor inflation expectations. Whereas borrowing prices stay excessive for a small open economic system, the coverage shift indicators rising confidence in inflation containment and exchange-rate stability.
