Mozambique Interest Rate

The benchmark interest rate in Mozambique was last recorded at 8.25 percent. Interest Rate in Mozambique is reported by the Banco de Moçambique. Interest Rate in Mozambique averaged 12.28 Percent from 2009 until 2014, reaching an all time high of 16.50 Percent in February of 2011 and a record low of 8.25 Percent in October of 2013. 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 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. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.25 8.25 16.50 8.25 8.25 | 2014/05 2009 - 2014 Percent Monthly

TO

Mozambique Interest Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-11 02:20 PM Mozambique
Interest Rate Decision
8.25% 8.25% 8.25% 8%
2014-02-12 03:20 PM Mozambique
Interest Rate Decision
8.25% 8.25% 8%
2014-03-12 02:30 PM Mozambique
Interest Rate Decision
8.25% 8.25% 8.25%
2014-04-16 03:50 PM Mozambique
Interest Rate Decision
8.25% 8.25% 8.25%
2014-05-12 02:00 PM Mozambique
Interest Rate Decision
8.25% 8.25%
[+]

Money Last Previous Highest Lowest Forecast Unit
Foreign Exchange Reserves 3161.30 2014-03-31 2792.00 3009.00 625.00 3132.54 2014-04-30 USD Million [+]
Interest Rate 8.25 2014-04-16 8.25 16.50 8.25 8.25 2014-05-31 Percent [+]
Money Supply M3 216422.30 2013-12-31 206742.90 216422.30 65526.70 207095.50 2014-01-31 MZM Million [+]
[+]


Mozambique Leaves Lending Rate Steady at 8.25%

At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.

In March, the annual consumer prices accelerated for the first time in five months to 3 percent. In 2013, the GDP advanced 7 percent, in line with expectations, but slower than 7.3 percent in 2012.

The central bank also took uncertainty over global growth into account to take its decision. 

The Bank will intervene in the interbank markets to accomplish the 46451 million Meticais base money target for April. 

The deposit facility rate and the reserve requirements ratio were left on hold at 1.5 percent and 8.0 percent, respectively.

Joana Taborda | joana.taborda@tradingeconomics.com
4/16/2014 6:04:01 PM

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Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


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