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

The Central Bank of Mozambique cut its benchmark MIMO interest rate by 75 bps to 15 percent on August 30th 2018. It is the 8th straight rate decline since the new key MIMO rate was introduced in April of 2017. Policymakers said the decision is consistent with efforts to maintain macroeconomic stability and with keeping the inflation rate in a single digit. The annual inflation rate rose to 4.73 in July from 4.4 percent in June and it is expected to remain stable and around a single digit. The economy grew 3.3 percent in the second quarter of 2018, above 3.2 percent in the previous period but below than a 3.8 percent expansion in the same period of 2017. The lending facility rate and the deposit facility rate were left unchanged at 18 percent and 12 percent, respectively. Meanwhile, the required reserve ratio was increased by 500 bps to 27 percent for foreign currency. Interest Rate in Mozambique averaged 13.18 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
2018-04-11 04:00 PM Interest Rate Decision 16.5% 18.0% 18.0%
2018-06-18 03:10 PM Interest Rate Decision 15.75% 16.5% 15%
2018-08-30 03:00 PM Interest Rate Decision 15% 15.75% 15%
2018-10-22 03:00 PM Interest Rate Decision 15% 15%

Mozambique Money Last Previous Highest Lowest Unit
Interest Rate 15.00 15.75 23.25 7.50 percent [+]
Money Supply M3 392969.90 387188.10 392969.90 65526.70 MZN Million [+]
Foreign Exchange Reserves 2972.00 2952.00 3251.00 625.00 USD Million [+]
Deposit Interest Rate 17.10 10.80 38.84 7.80 percent [+]
Lending Rate 21.75 22.50 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
15.00 15.75 23.25 7.50 2009 - 2018 percent Daily

interest rate by Country
Country Last
Argentina 60.00 Sep/18
Turkey 24.00 Sep/18
Mexico 7.75 Aug/18
Russia 7.50 Sep/18
Brazil 6.50 Sep/18
India 6.50 Aug/18
South Africa 6.50 Sep/18
Indonesia 5.50 Aug/18
China 4.35 Aug/18
Saudi Arabia 2.50 Aug/18
United States 2.00 Aug/18
Australia 1.50 Sep/18
Canada 1.50 Sep/18
South Korea 1.50 Aug/18
Singapore 1.06 Aug/18
United Kingdom 0.75 Sep/18
Euro Area 0.00 Sep/18
France 0.00 Sep/18
Germany 0.00 Sep/18
Italy 0.00 Sep/18
Netherlands 0.00 Sep/18
Spain 0.00 Sep/18
Japan -0.10 Sep/18
Switzerland -0.75 Sep/18