Mozambique Interest Rate  2009-2018 | Data | Chart | Calendar | Forecast

The Central Bank of Mozambique cut its benchmark MIMO interest rate by 150bps to 16.5 percent on April 11th 2018. It is the 6th straight decrease since the new key MIMO rate was introduced in April of 2017. Policymakers said the inflation improved and projections for the end of the year indicate that it will remain around a single digit. Annual inflation rate was 3.05 percent in March 2018, well below 21.6 percent a year earlier. The lending facility rate was cut by 100bps to 18 percent while the deposit facility rate was left at 12.5 percent. The required reserve ratio was unchanged at 14 percent for national and at 22 percent for foreign currency. Interest Rate in Mozambique averaged 13.13 percent from 2009 until 2018, 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 Actual Previous Consensus TEForecast
2017-12-22 12:30 PM Interest Rate Decision 19.5% 21% 21%
2018-02-26 02:30 PM Interest Rate Decision 18.0% 19.5% 19.5%
2018-04-11 04:00 PM Interest Rate Decision 16.5% 18.0% 18.0%
2018-06-20 04:00 PM Interest Rate Decision 16.5% 15%

Mozambique Money Last Previous Highest Lowest Unit
Interest Rate 16.50 18.00 23.25 7.50 percent [+]
Money Supply M3 389996.40 388920.40 389996.40 65526.70 MZN Million [+]
Foreign Exchange Reserves 2884.00 3036.00 3251.00 625.00 USD Million [+]
Deposit Interest Rate 10.80 8.53 38.84 7.80 percent [+]
Lending Rate 25.75 27.25 29.75 14.23 percent [+]
Loans To Private Sector 261957603.50 267726287.90 270814633.70 12719071.00 MZN Thousand [+]

Mozambique Interest Rate

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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
16.50 18.00 23.25 7.50 2009 - 2018 percent Daily

interest rate by Country
Country Last
Turkey 8.00 Mar/18
Mexico 7.50 Apr/18
Russia 7.25 Mar/18
Brazil 6.50 Mar/18
India 6.00 Apr/18
China 4.35 Mar/18
Indonesia 4.25 Apr/18
United States 1.75 Mar/18
Australia 1.50 Apr/18
South Korea 1.50 Apr/18
Canada 1.25 Apr/18
United Kingdom 0.50 Mar/18
Euro Area 0.00 Mar/18
France 0.00 Mar/18
Germany 0.00 Mar/18
Italy 0.00 Mar/18
Netherlands 0.00 Mar/18
Spain 0.00 Mar/18
Japan -0.10 Mar/18
Switzerland -0.75 Mar/18