Mozambique Interest Rate

The benchmark interest rate in Mozambique was last recorded at 8.25 percent. Interest Rate in Mozambique averaged 12.16 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. Interest Rate in Mozambique is reported by the Banco de Moçambique.


Mozambique Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.25 8.25 16.50 8.25 2009 - 2014 Percent Monthly
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.

Central Bank of Mozambique Leaves Rates on Hold

At its July 11th, 2014 meeting, the Monetary Policy Committee decided to leave the benchmark interest rate unchanged at 8.25 percent, aiming to ensure compliance with macroeconomic targets.

The central bank left its standing lending facility rate unchanged at 8.25 percent for the ninth straight meeting. The deposit facility rate was kept at 1.50 percent and reserves requirements ratio was left unchanged at 8.0 percent.

In setting up the right monetary policy, the Committee took into consideration the national and international economic situation and the inflation rate. Policymakers also considered signs of global economic activity slowdown and high volatility in prices of major commodities that weight in the country’s balance of payments.

In July, the central bank decided to intervene in interbank markets to ensure the monetary base target of 50,471 million Meticais.

Isabel Felino |
7/11/2014 5:18:35 PM

Recent Releases

Mozambique Monetary Policy Unchanged in June
At its June 13th, 2014 meeting, The Central Bank of Mozambique Monetary Policy Committee decided to keep the benchmark interest rate at 4.0 percent for the eighth straight month, as it considered the suitable monetary policy to accomplish the established macroeconomic targets. Published on 2014-06-14

Mozambique Leaves Monetary Policy Unchanged
At its May 12th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent, citing underlying risks in the international and domestic economy. Published on 2014-05-12

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-16 03:50 PM Mozambique
Interest Rate Decision
8.25% 8.25% 8.25%
2014-05-12 05:45 PM Mozambique
Interest Rate Decision
8.25% 8.25% 8.25%
2014-06-13 04:20 PM Mozambique
Interest Rate Decision
8.25% 8.25% 8.25%
2014-07-11 04:00 PM Mozambique
Interest Rate Decision
8.25% 8.25% 8.25%
2014-08-13 04:00 PM Mozambique
Interest Rate Decision
8.25% 8.25%

Money Last Previous Highest Lowest Unit
Interest Rate 8.25 8.25 16.50 8.25 Percent [+]
Money Supply M3 222157.10 220055.80 222157.10 65526.70 MZM Million [+]
Foreign Exchange Reserves 3177.20 3185.40 3185.40 625.00 USD Million [+]

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