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.

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Mozambique Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
13.25 13.25 23.25 7.50 2009 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2021-03-17 02:20 PM 13.25% 13.25% 13.25%
2021-05-19 02:15 PM 13.25% 13.25% 13.25%
2021-07-21 02:20 PM 13.25% 13.25% 13.25%
2021-09-14 11:30 AM 13.25% 13.25% 13.25%
2021-11-24 03:30 PM 13.25% 13.25%


News Stream
Mozambique Holds Key Interest Rate at 13.25%
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.
2021-09-14
Mozambique Holds Key Interest Rate Steady at 13.25%
Mozambique’s central bank held its benchmark MIMO interest rate steady at 13.25% during its July 2021 meeting. Policymakers said the decision is in line with prospects of single-digit inflation despite mounting risks to the economic outlook, namely the third wave of Covid-19.
2021-07-21
Mozambique Holds Key Interest rate at 13.25%
Mozambique's central bank left its benchmark MIMO interest rate steady at 13.25% during its May 2021 meeting, citing heightened risks and uncertainties linked to military instability in the north of the country and new strains of the Covid-19 virus. Despite the risks, inflation forecasts were revised lower in the short-term, amid the recent appreciation of the metical and subdued economic activity. Meantime, the economy is expected to recover slower than initially projected in 2021, due to weak domestic demand, coupled with the suspension of the gas exploration project by French energy giant Total following March's jihadist attacks in Mozambique's northern Cabo Delgado province.
2021-05-19
Mozambique Holds Key Interest Rate Steady at 13.25%
Mozambique's central bank left its benchmark MIMO interest rate unchanged at 13.25% during its March 2021 meeting, after raising it by 300 bps in January, citing the prevalence of high risks and uncertainties. Policymakers mentioned particularly domestic risks linked the uncertainty regarding the evolution of the pandemic, the impacts of natural disasters and the duration of military instability, especially in the north of the country. Meanwhile, inflation forecasts were revised lower in the short and medium-term to a single-digit, largely reflecting the current trend towards the appreciation of the metical due to the measures taken at the January meeting, in a context of weak economic activity. Meantime, the economy is expected to recover slightly in 2021, mainly supported by expectations of a resumption in external demand as a result of progress in vaccinations, the adoption of fiscal stimulus packages and the progressive easing of Covid-19 restrictions.
2021-03-17

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).