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.

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Mozambique Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-30 02:30 PM 15.25% 13.25% 13.25%
2022-05-26 02:00 PM 15.25% 15.25% 15.25%
2022-07-21 03:00 PM 15.25% 15.25% 15.25%
2022-09-28 02:00 PM 15.25%
2022-11-30 02:00 PM


Related Last Previous Unit Reference
Interest Rate 15.25 15.25 percent Jul 2022
Money Supply M3 594992.00 569535.00 MZN Million Dec 2021
Foreign Exchange Reserves 3224.00 3324.00 USD Million Jan 2022
Lending Rate 18.60 18.60 percent Feb 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
15.25 15.25 23.25 7.50 2009 - 2022 percent Daily

News Stream
Mozambique Keeps Rates Steady
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.
2022-07-21
Mozambique Holds Key Interest Rate at 15.25%
Mozambique’s central bank left its benchmark MIMO interest rate steady at 15.25% during its May 2022 meeting, leaving borrowing costs at the highest level since 2018. Policymakers said that the decision was made amid projections that the current rate can maintain inflation at single-digit levels in the medium term. The central bank noted that current economic conditions remain uncertain due to the geopolitical tension in Europe, with supply constraints pushing short-term inflation on the upside. Mozambique’s inflation accelerated to 7.9% in March, largely due to higher prices for energy and fuel. Regarding growth, the bank maintained the prospects of improving economic activity in 2022, supported by the relaxation of Covid-19 containment measures, the execution of natural gas projects and the resumption of the program with the IMF. Mozambique’s GDP grew by 4.1% in the first quarter of 2022.
2022-05-26
Mozambique Hikes Interest Rate to 15.25%
Mozambique’s central bank lifted its benchmark MIMO interest rate by 200 bps to 15.25% during its March 2022 meeting, bringing borrowing costs to the highest since 2018. Policymakers said that the decision aims to maintain inflation under control in the short and medium-term in order to allow the beginning of a transition process to single-digit interest rates in the medium and long term, in a context of resumption of the program with the IMF. There was a substantial upward revision in the inflation outlook for the short and medium-term, reflecting the materialization and aggravation of risks, including the worsening geopolitical tension in Europe and the occurrence of natural disasters in the central and northern parts of the country. Regarding growth, the bank maintained the prospects of improving economic activity in 2022, supported by the relaxation of Covid-19 containment measures, the execution of natural gas projects and the resumption of the program with the IMF.
2022-03-30