Mozambique’s central bank held its benchmark MIMO interest rate steady at 13.25% during its September 2021 meeting. Policymakers said the decision was based on prospects of single-digit inflation, despite the prevalence of high risks and uncertainties, especially those arising from the impact of the Covid-19. The annual inflation stood at 5.6% in August, after 5.5% in July, in a context of lesser depreciation of the metical against the US dollar. The Committee also confirmed the projections for a gradual recovery of the economy in 2021 and 2022, mainly supported by the external demand. Additionally, the Bank decided to reduce the mandatory reserve coefficients for liabilities in national currency from 11.50% to 10.50% and in foreign currency from 34.50% to 11.50%, aiming to provide more liquidity to the economy. source: Banco de Moçambique
Interest Rate in Mozambique averaged 13.11 percent from 2009 until 2021, 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. This page provides - Mozambique Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mozambique Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Interest Rate in Mozambique is expected to be 13.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mozambique Interest Rate is projected to trend around 14.75 percent in 2022 and 15.50 percent in 2023, according to our econometric models.