The Central Bank of Mozambique left its benchmark MIMO interest rate steady at 14.25 percent on April 25th 2019, mentioning higher inflationary pressures amid the recent natural disasters and a weaker Metical. In March, annual inflation rate fell to 3.41 percent from 3.72 percent in February, the lowest level since May of 2018. The lending facility rate and the deposit facility interest rate were also kept unchanged at 17.25 percent and 11.25 percent, respectively. The required reserve ratio for foreign and domestic currency were held at 14 percent and 36 percent, respectively. 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 14.25 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 14.75 in 12 months time. In the long-term, the Mozambique Interest Rate is projected to trend around 14.50 percent in 2020, according to our econometric models.

Mozambique Interest Rate
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-13 01:00 PM Interest Rate Decision 14.25% 15% 15%
2019-02-11 01:20 PM Interest Rate Decision 14.25% 14.25% 14.25%
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%
2019-06-13 01:00 PM Interest Rate Decision 14.25% 14.25%
2019-08-22 01:00 PM Interest Rate Decision 14.75%
2019-10-31 01:00 PM Interest Rate Decision 14.75%

Mozambique Money Last Previous Highest Lowest Unit
Interest Rate 14.25 14.25 23.25 7.50 percent [+]
Money Supply M3 427614.50 423971.30 428067.00 65526.70 MZN Million [+]
Foreign Exchange Reserves 2815.00 2750.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
14.25 14.25 23.25 7.50 2009 - 2019 percent Daily

Country Last Previous
Argentina 71.48 May/19
Turkey 24.00 Apr/19
Mexico 8.25 May/19
Russia 7.75 Apr/19
South Africa 6.75 Apr/19
Brazil 6.50 May/19
India 6.00 Apr/19
Indonesia 6.00 May/19
China 4.35 Apr/19
Saudi Arabia 3.00 Apr/19
United States 2.50 May/19
Singapore 2.24 Mar/19
Canada 1.75 Apr/19
South Korea 1.75 Apr/19
Australia 1.50 May/19
United Kingdom 0.75 May/19
Euro Area 0.00 Apr/19
France 0.00 Apr/19
Germany 0.00 Apr/19
Italy 0.00 Apr/19
Netherlands 0.00 Apr/19
Spain 0.00 Apr/19
Japan -0.10 Apr/19
Switzerland -0.75 Apr/19