Mozambique's central bank left its benchmark MIMO interest rate unchanged at 13.25% during its March 2021 meeting, after raising it by 300 bps in January, citing the prevalence of high risks and uncertainties. Policymakers mentioned particularly domestic risks linked the uncertainty regarding the evolution of the pandemic, the impacts of natural disasters and the duration of military instability, especially in the north of the country. Meanwhile, inflation forecasts were revised lower in the short and medium-term to a single-digit, largely reflecting the current trend towards the appreciation of the metical due to the measures taken at the January meeting, in a context of weak economic activity. Meantime, the economy is expected to recover slightly in 2021, mainly supported by expectations of a resumption in external demand as a result of progress in vaccinations, the adoption of fiscal stimulus packages and the progressive easing of Covid-19 restrictions. 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 May of 2021.
Interest Rate in Mozambique is expected to be 13.25 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 14.25 in 12 months time. In the long-term, the Mozambique Interest Rate is projected to trend around 15.50 percent in 2022, according to our econometric models.