The Central Bank of Mozambique left its benchmark MIMO interest rate steady at 15 percent on October 22nd 2018, after trimming it by 75 bps in the previous meeting. Policymakers said that the medium-term projections continue to indicate the inflation rate in a single digit. The annual inflation rate eased to 4.89 percent in September 2018 from 5.02 percent in August and it is expected to remain stable and low. Still, the bank is aware of the high internal risks associated with the sustainability of the public debt as well as the uncertainties regarding the evolution of administered prices. On the external front, policymakers underscored risks linked to commercial and geopolitical tensions, the dollar strengthening, volatility in commodities prices and rising crude oil prices. The lending facility rate and the deposit facility rate were left unchanged at 18 percent and 12 percent, respectively. Also, the required reserve ratio was unchanged at 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.

Interest Rate in Mozambique is expected to be 13.00 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 9.00 in 12 months time. In the long-term, the Mozambique Interest Rate is projected to trend around 10.00 percent in 2020, according to our econometric models.

Mozambique Interest Rate
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Calendar GMT Actual Previous Consensus TEForecast
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% 14.25%
2018-12-13 03:00 PM Interest Rate Decision 15%

Mozambique Money Last Previous Highest Lowest Unit
Interest Rate 15.00 15.00 23.25 7.50 percent [+]
Money Supply M3 394727.90 395505.60 395505.60 65526.70 MZN Million [+]
Foreign Exchange Reserves 2933.00 2925.00 3251.00 625.00 USD Million [+]
Deposit Interest Rate 12.37 13.06 42.40 6.97 percent [+]
Lending Rate 20.20 20.40 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 November of 2018.

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

Country Last
Argentina 62.21 Nov/18
Turkey 24.00 Oct/18
Mexico 8.00 Nov/18
Russia 7.50 Oct/18
Brazil 6.50 Oct/18
India 6.50 Oct/18
South Africa 6.50 Oct/18
Indonesia 6.00 Nov/18
China 4.35 Oct/18
Saudi Arabia 2.75 Oct/18
United States 2.25 Nov/18
Canada 1.75 Oct/18
Australia 1.50 Nov/18
South Korea 1.50 Oct/18
Singapore 1.45 Oct/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Oct/18
France 0.00 Oct/18
Germany 0.00 Oct/18
Italy 0.00 Oct/18
Netherlands 0.00 Oct/18
Spain 0.00 Oct/18
Japan -0.10 Oct/18
Switzerland -0.75 Oct/18