African Countries Grapple with High Lending Rates in October 2025

As of October 2025, African countries are facing challenges with high lending rates impacting economic growth. Zimbabwe holds the highest benchmark rate at 35%, while Liberia recently reduced its rate to 16.25% to stimulate growth.

The Central Bank of Liberia's decision reflects efforts to combat inflation, currency depreciation, and fiscal strains. Despite some improvements in inflation outlook and fiscal management, structural constraints and external vulnerabilities continue to keep lending rates relatively high in Africa.