Mozambique Interest Rate

Last Release

Mar 26, 2025

Actual

11.75

Units In

12.25

Frequency

Daily

Next Release

May 28, 2025

Time to Release

2 Months 0 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
23.25 Oct 2016	7.5 Nov 2014	13.58 %	2009-2025	N/A

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).

Latest Updates

The Central Bank of Mozambique reduced its key MIMO interest rate by 50 bps to 11.75% during its regular meeting on March 26th, 2025. This marks the eighth consecutive rate cut, bringing borrowing costs to their lowest since 2020. Policymakers said the decision was based on the sustained outlook for single-digit inflation in the medium term. The annual inflation rate quickened for the fifth month to 4.74% in February 2025, reaching the steepest level since November 2023. However, the central bank noted that the risks and uncertainties associated with inflation projections have increased. Key factors likely to drive inflation higher in the medium term include worsening fiscal risk, amid growing challenges in securing financial resources for the state budget, as well as the effects of climate shocks and post-election tensions on the prices of goods and services. Regarding growth, the economy is expected to expand at a moderate pace in the medium term.