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.