The Central Bank of Mozambique lowered its benchmark MIMO interest rate by 50bps to 12.75 percent during its August meeting, saying medium-term inflation expectations continue to improve while economic activity is seen weaker this year. On a more positive note, policymakers believe that the recent Peace and National Reconciliation Agreement signed by President Filipe Nyusi and Renamo leader Ossufo Momade at the beginning of the month would boost investment and activity. Interest Rate in Mozambique averaged 13.31 percent from 2009 until 2019, 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.

Interest Rate in Mozambique is expected to be 12.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Mozambique to stand at 11.00 in 12 months time. In the long-term, the Mozambique Interest Rate is projected to trend around 10.00 percent in 2020, according to our econometric models.

Mozambique Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-06 02:00 PM Interest Rate Decision 14.25% 14.25%
2019-04-25 03:30 PM Interest Rate Decision 14.25% 14.25% 14.25%
2019-06-19 04:30 PM Interest Rate Decision 13.25% 14.25% 14.25%
2019-08-14 02:15 PM Interest Rate Decision 12.75% 13.25% 13.25%
2019-10-31 01:00 PM Interest Rate Decision 12.75% 12.25%
2019-12-12 01:00 PM Interest Rate Decision 12%


Mozambique Money Last Previous Highest Lowest Unit
Interest Rate 12.75 13.25 23.25 7.50 percent [+]
Money Supply M3 437072.00 433477.80 437072.00 65526.70 MZN Million [+]
Foreign Exchange Reserves 2913.00 2839.00 3251.00 625.00 USD Million [+]
Lending Rate 19.50 19.50 29.75 14.23 percent [+]
Loans To Private Sector 222957126.90 218100216.70 271714439.80 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
12.75 13.25 23.25 7.50 2009 - 2019 percent Daily




Country Last Previous
Argentina 74.96 Aug/19
Turkey 19.75 Jul/19
Mexico 8.00 Aug/19
Russia 7.25 Jul/19
South Africa 6.50 Aug/19
Brazil 6.00 Jul/19
Indonesia 5.75 Jul/19
India 5.40 Aug/19
China 4.25 Aug/19
Saudi Arabia 2.75 Aug/19
United States 2.25 Jul/19
Singapore 1.94 Jul/19
Canada 1.75 Aug/19
South Korea 1.50 Jul/19
Australia 1.00 Aug/19
United Kingdom 0.75 Aug/19
Euro Area 0.00 Jul/19
France 0.00 Jul/19
Germany 0.00 Jul/19
Italy 0.00 Jul/19
Netherlands 0.00 Jul/19
Spain 0.00 Jul/19
Japan -0.10 Aug/19
Switzerland -0.75 Jul/19


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