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

The Central Bank of Mozambique cut its benchmark MIMO interest rate by 75bps to 15.75 percent on June 18th 2018. It is the 7th straight decrease since the new key MIMO rate was introduced in April of 2017. Policymakers said the inflation remains stable and projections for the end of the year continue to indicate it will remain around a single digit while economic growth is moderate. In May, the inflation was 3.26 percent compared to 2.33 percent in April. The economy grew 3.2 percent in the first quarter of 2018, below 3.7 percent in the last three months of 2017. The lending facility rate was left at 18 percent while the deposit facility rate was cut by 50bps to 12 percent. The required reserve ratio was kept unchanged at 14 percent for national and at 22 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
2018-02-26 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%
2018-06-18 03:10 PM Interest Rate Decision 15.75% 16.5% 15%
2018-08-30 04:00 PM Interest Rate Decision 15.75% 15%

Mozambique Money Last Previous Highest Lowest Unit
Interest Rate 15.75 16.50 23.25 7.50 percent [+]
Money Supply M3 386770.30 390475.10 390475.10 65526.70 MZN Million [+]
Foreign Exchange Reserves 2969.00 3009.00 3251.00 625.00 USD Million [+]
Deposit Interest Rate 17.10 10.80 38.84 7.80 percent [+]
Lending Rate 24.50 25.50 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
15.75 16.50 23.25 7.50 2009 - 2018 percent Daily

interest rate by Country
Country Last
Turkey 17.75 Jun/18
Mexico 7.75 Jun/18
Russia 7.25 Jun/18
Brazil 6.50 Jun/18
India 6.25 Jun/18
Indonesia 4.75 May/18
China 4.35 May/18
United States 2.00 Jun/18
Australia 1.50 Jun/18
South Korea 1.50 May/18
Canada 1.25 May/18
United Kingdom 0.50 Jun/18
Euro Area 0.00 Jun/18
France 0.00 Jun/18
Germany 0.00 Jun/18
Italy 0.00 Jun/18
Netherlands 0.00 Jun/18
Spain 0.00 Jun/18
Japan -0.10 Jun/18
Switzerland -0.75 Jun/18