Mozambique Interest Rate  2009-2017 | Data | Chart | Calendar | Forecast

The central bank of Mozambique lowered its standing lending facility rate by 50bps to 22.75 percent on April 10th 2017, mentioning a slowdown in inflation and a strength in the metical. Policymakers expect the economy to expand moderately and the inflation to ease to around 12.2 percent in 2017 despite pointing several risks: the adjustment in administered prices, volatility in commodities prices, fiscal consolidation and uncertainty surrounding the recovery of foreign aid. The deposit facility rate was left on hold at 16.25 percent and the reserve ratio at 15.5 percent. The central bank also introduced a new benchmark interest rate, the interbank money market rate (MIMO), aiming to strengthen the mechanism for the formation of interest rates in the economy and making it more transparent and in line with international practices. The MIMO was fixed at 21.75 percent and will become the key monetary policy rate. Interest Rate in Mozambique averaged 12.29 percent from 2009 until 2017, reaching an all time high of 23.25 percent in October of 2016 and a record low of 7.50 percent in November of 2014.

Mozambique Interest Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-14 03:50 PM Interest Rate Decision 23.25% 23.25% 23.25%
2017-02-13 04:35 PM Interest Rate Decision 23.25% 23.25% 23.25%
2017-04-10 03:55 PM Interest Rate Decision 22.75% 23.25% 23.25%
2017-06-12 03:50 PM Interest Rate Decision 21.75%

Mozambique Money Last Previous Highest Lowest Unit
Interest Rate 21.75 23.25 23.25 7.50 percent [+]
Money Supply M3 362515.20 362364.80 382026.30 65526.70 MZM Million [+]
Foreign Exchange Reserves 1754.00 1693.00 3243.80 625.00 USD Million [+]
Deposit Interest Rate 10.80 8.53 38.84 7.80 percent [+]
Lending Rate 28.32 28.31 29.75 14.23 percent [+]
Loans To Private Sector 261957603.50 267726287.90 270814633.70 12719071.00 MZN Thousand [+]

Mozambique Interest Rate Notes

In Mozambique, interest rates decisions are taken by the Monetary Policy Committee of the Central Bank of Mozambique (Banco de Moçambique). The official interest rate is the interbank money market rate (taxa do mercado interbancário moçambicano, MIMO). It was first introduced on April 10th 2017 and replaced the standing lending facility rate (taxa de juro da facilidade permanente de cedência). This page provides - Mozambique Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mozambique Interest Rate - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
21.75 23.25 23.25 7.50 2009 - 2017 percent Daily

interest rate by Country

Brazil 11.25 Apr/17
Russia 9.25 Apr/17
Turkey 8.00 Apr/17
Mexico 6.75 May/17
India 6.25 Apr/17
Indonesia 4.75 May/17
China 4.35 Apr/17
Australia 1.50 May/17
South Korea 1.25 May/17
United States 1.00 May/17
Canada 0.50 May/17
United Kingdom 0.25 May/17
Euro Area 0.00 May/17
France 0.00 May/17
Germany 0.00 May/17
Italy 0.00 May/17
Netherlands 0.00 May/17
Spain 0.00 May/17
Japan -0.10 Apr/17
Switzerland -0.75 May/17