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

The Central Bank of Mozambique lowered its benchmark interest rate by 50bps to 21 percent on October 26th, citing a slowdown in inflation. Annual inflation rate decreased to 10.76 percent in September, the lowest level since December of 2015 and policymakers said it could reach single digits in December amid a slowdown in economic activity and a stable metical. On the other hand, a rise in public debt, adverse weather conditions, volatile commodity prices and political instability in neighboring countries continue to pose upside risks to the inflation. The lending facility rate and the deposit facility rate were also cut by 50bps to 22 percent and 15.5 percent, respectively. The required reserve ratio was lowered by 100bps to 14 percent for both national and foreign currency. Interest Rate in Mozambique averaged 12.83 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 Actual Previous Consensus TEForecast
2017-06-19 05:00 PM Interest Rate Decision 21.75% 21.75%
2017-08-11 09:40 AM Interest Rate Decision 21.50% 21.75% 21.75%
2017-10-26 03:30 PM Interest Rate Decision 21% 22.5%
2017-12-20 03:50 PM Interest Rate Decision 21% 21%
2018-02-13 04:35 PM Interest Rate Decision
2018-04-10 03:55 PM Interest Rate Decision

Mozambique Money Last Previous Highest Lowest Unit
Interest Rate 21.00 21.00 23.25 7.50 percent [+]
Money Supply M3 375987.00 369519.10 382026.30 65526.70 MZM Million [+]
Foreign Exchange Reserves 2352.00 2155.00 3251.00 625.00 USD Million [+]
Deposit Interest Rate 10.80 8.53 38.84 7.80 percent [+]
Lending Rate 27.50 27.50 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
21.00 21.00 23.25 7.50 2009 - 2017 percent Daily

interest rate by Country
Country Last
Russia 8.25 Oct/17
Turkey 8.00 Dec/17
Mexico 7.25 Dec/17
Brazil 7.00 Dec/17
India 6.00 Dec/17
China 4.35 Nov/17
Indonesia 4.25 Dec/17
Australia 1.50 Dec/17
South Korea 1.50 Nov/17
United States 1.50 Dec/17
Canada 1.00 Dec/17
United Kingdom 0.50 Dec/17
Euro Area 0.00 Dec/17
France 0.00 Dec/17
Germany 0.00 Dec/17
Italy 0.00 Dec/17
Netherlands 0.00 Dec/17
Spain 0.00 Dec/17
Japan -0.10 Oct/17
Switzerland -0.75 Dec/17