Top 10 African countries with the highest interest rates in September 2026
Nigeria dropped to third position in September 2026 from second in July among 10 African countries with the highest monetary policy rates, after the Central Bank of Nigeria cut its benchmark interest rate by 350 basis points. The post Top 10 African countries with the highest interest rates in September 2026 appeared first on Nairametrics .
In September 2026, Nigeria, Zimbabwe, and Malawi held the top three positions among the 10 African countries with the highest monetary policy rates. Nigeria's Central Bank of Nigeria (CBN) reduced its benchmark interest rate by a significant 350 basis points, dropping its rate from 26.50% to 23.00%. This marked the largest cut in Nigeria's benchmark rate since December 2006.
Zimbabwe, on the other hand, had the highest policy rate at 30%, cutting its Bank Policy Rate from 35% to 30% in June 2026. Malawi's Reserve Bank maintained its Policy Rate at 24%, balancing inflation management with economic stability.
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