The central bank of Mozambique kept its key MIMO rate steady at 15.25% during its July 2022 meeting, saying inflation is expected to continue to rise in the short-run but to slow to a single-digit in the medium-run. Inflation rate hit 10.8% in June, with main pressure coming from fuels and transport. The central bank also expects the economic recovery to continue this year and next, boosted by new energy projects in Inhambane and Rovuma, which include a thermal power plant in Temane, a high voltage line to Maputo and a cooking gas factory; and the start of liquefied gas export. source: Banco de Moçambique
Interest Rate in Mozambique averaged 13.17 percent from 2009 until 2022, 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 August of 2022.
Interest Rate in Mozambique is expected to be 16.00 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 15.00 percent in 2023 and 13.25 percent in 2024, according to our econometric models.