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

The Central Bank of Mozambique cut its benchmark MIMO interest rate by 150bps to 18 percent on February 26th 2018, citing an improvement in inflation and its expectations. Annual inflation rate declined to 3.84 percent in January of 2018, the lowest level since September of 2015 and policymakers said it could reach single digits by the end of the year. There are still upside risks to the inflation outlook including those resulting from the floods at the beginning of the year. The lending facility rate and the deposit facility rate were also cut by 150bps to 19.0 percent and 12.5 percent, respectively. The required reserve ratio was unchanged at 14 percent for both national and foreign currency. Interest Rate in Mozambique averaged 13.06 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
2017-10-26 03:30 PM Interest Rate Decision 21% 22.5%
2017-12-22 12:30 PM Interest Rate Decision 19.5% 21% 21%
2018-02-26 02:30 PM Interest Rate Decision 18.0% 19.5% 19.5%
2018-04-30 12:30 PM Interest Rate Decision 18.0% 18.0%

Mozambique Money Last Previous Highest Lowest Unit
Interest Rate 18.00 19.50 23.25 7.50 percent [+]
Money Supply M3 388920.40 384126.10 388920.40 65526.70 MZM Million [+]
Foreign Exchange Reserves 3036.00 3062.00 3251.00 625.00 USD Million [+]
Deposit Interest Rate 10.80 8.53 38.84 7.80 percent [+]
Lending Rate 27.25 27.25 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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
18.00 19.50 23.25 7.50 2009 - 2018 percent Daily

interest rate by Country
Country Last
Turkey 8.00 Mar/18
Mexico 7.50 Feb/18
Russia 7.50 Feb/18
Brazil 6.50 Mar/18
India 6.00 Feb/18
China 4.35 Feb/18
Indonesia 4.25 Feb/18
United States 1.75 Mar/18
Australia 1.50 Mar/18
South Korea 1.50 Feb/18
Canada 1.25 Mar/18
United Kingdom 0.50 Feb/18
Euro Area 0.00 Mar/18
France 0.00 Mar/18
Germany 0.00 Mar/18
Italy 0.00 Mar/18
Netherlands 0.00 Mar/18
Spain 0.00 Mar/18
Japan -0.10 Mar/18
Switzerland -0.75 Mar/18