The Central Bank of Mozambique left its benchmark MIMO interest rate steady at 14.25 percent during a surprise meeting on March 6th 2019 but raised the required reserve ratio for foreign currency by 900 bps to 36 percent, mentioning increasing external risks and a more volatile USD. The required reserve ratio for domestic currency was kept at 17 percent and the lending facility and the deposit facility interest rate were also left steady at 17.25 percent and 11.25 percent, respectively. Interest Rate in Mozambique averaged 13.30 percent from 2009 until 2019, 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.

Interest Rate in Mozambique is expected to be 14.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Mozambique to stand at 14.75 in 12 months time. In the long-term, the Mozambique Interest Rate is projected to trend around 14.50 percent in 2020, according to our econometric models.

Mozambique Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-22 03:00 PM Interest Rate Decision 15% 15% 14.25%
2018-12-13 01:00 PM Interest Rate Decision 14.25% 15% 15%
2019-02-11 01:20 PM Interest Rate Decision 14.25% 14.25% 14.25%
2019-03-06 02:00 PM Interest Rate Decision 14.25% 14.25%
2019-04-25 01:00 PM Interest Rate Decision 14.25% 14.25%
2019-06-13 01:00 PM Interest Rate Decision 14.25%
2019-08-22 01:00 PM Interest Rate Decision 14.75%


Mozambique Money Last Previous Highest Lowest Unit
Interest Rate 14.25 14.25 23.25 7.50 percent [+]
Money Supply M3 422609.00 428067.00 428067.00 65526.70 MZN Million [+]
Foreign Exchange Reserves 2859.00 2844.00 3251.00 625.00 USD Million [+]
Deposit Interest Rate 12.37 13.06 42.40 6.97 percent [+]
Lending Rate 19.90 20.20 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
14.25 14.25 23.25 7.50 2009 - 2019 percent Daily




Country Last Previous
Argentina 65.76 Mar/19
Turkey 24.00 Mar/19
Mexico 8.25 Feb/19
Russia 7.75 Mar/19
South Africa 6.75 Feb/19
Brazil 6.50 Mar/19
India 6.25 Feb/19
Indonesia 6.00 Mar/19
China 4.35 Feb/19
Saudi Arabia 3.00 Feb/19
United States 2.50 Mar/19
Canada 1.75 Mar/19
South Korea 1.75 Feb/19
Singapore 1.66 Feb/19
Australia 1.50 Mar/19
United Kingdom 0.75 Mar/19
Euro Area 0.00 Mar/19
France 0.00 Mar/19
Germany 0.00 Mar/19
Italy 0.00 Mar/19
Netherlands 0.00 Mar/19
Spain 0.00 Mar/19
Japan -0.10 Mar/19
Switzerland -0.75 Mar/19


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