Mozambique’s central bank held its benchmark MIMO interest rate steady at 13.25% during its July 2021 meeting. Policymakers said the decision is in line with prospects of single-digit inflation despite mounting risks to the economic outlook, namely the third wave of Covid-19. source: Banco de Moçambique
Interest Rate in Mozambique averaged 13.11 percent from 2009 until 2021, 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 July of 2021.
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 14.75 percent in 2022 and 15.50 percent in 2023, according to our econometric models.