The central bank of Mozambique left its key MIMO rate steady at 17.25% in the first monetary policy meeting of 2023. Policymakers said the decision takes into account upside risks and uncertainties related to inflation although it is expected to slow to single digit in the medium term. The annual inflation rate fell to 10.29% in December from 10.62% in November. At the same time, the central bank revised its growth projections lower, citing more restrictive global financing conditions and a slowdown expected for major trading partners. The central bank also decided to increase the required cash reserve ratio for national currency to 28% from 10.5% and to 28.5% from 11.5% for foreign currency, aiming to absorb excess liquidity. source: Banco de Moçambique
Interest Rate in Mozambique averaged 13.30 percent from 2009 until 2023, 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 February of 2023.
Interest Rate in Mozambique is expected to be 17.25 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 16.25 percent in 2024 and 15.00 percent in 2025, according to our econometric models.