Mozambique Interest Rate 2009-2014 | Data | Chart | Calendar | Forecast

The central bank of Mozambique decided to cut the benchmark interest rate by 75 bps to 7.5 percent on November 7th, 2014. Interest Rate in Mozambique averaged 11.88 Percent from 2009 until 2014, reaching an all time high of 16.50 Percent in February of 2011 and a record low of 7.50 Percent in November of 2014. Interest Rate in Mozambique is reported by the Banco de Moçambique.

   
  Forecast  
 Export Data  API  Dashboard

Mozambique Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
7.50 8.25 16.50 7.50 2009 - 2014 percent Daily
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. Content for - Mozambique Interest Rate - was last refreshed on Friday, November 28, 2014.


Central Bank of Mozambique Holds Key Rate in August


At its August 11th, 2014 meeting, Mozambican Monetary Policy Committee decided to hold the benchmark interest rate at 8.25 percent, the same rate since October of 2013, citing that recent moderated inflation outlook is meeting the macroeconomic targets for the year.

The Central Bank left its standing lending facility rate unchanged at 8.25 percent, and the deposit facility rate at 1.5 percent. The reserves requirements ratio was left unchanged at 8.0 percent. 

Also, the Central Bank decided to intervene in the interbank markets to ensure the achievement of the Monetary Base target in August of 2014, set at 52,758 million Meticais.

The Monetary Policy Committee considered the recent domestic inflation behavior positive, which reflects a greater supply of fruits and vegetables associated with the stability of the metical in the domestic foreign exchange market. 

Isabel Felino | isabel.felino@tradingeconomics.com
8/12/2014 11:50:06 AM


Recent Releases

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. Published on 2014-07-11

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-15 05:00 PM
Interest Rate Decision 
8.25% 8.25% 8.25%
2014-10-17 03:30 PM
Interest Rate Decision 
8.25% 8.25% 8.25%
2014-11-07 03:15 PM
Interest Rate Decision 
7.5% 8.25% 8.25%
2014-12-12 03:00 PM
Interest Rate Decision 
7.5% 7.75%


Mozambique Money Last Previous Highest Lowest Unit
Interest Rate 7.50 8.25 16.50 7.50 percent [+]
Money Supply M3 237791.10 233629.10 237791.10 65526.70 MZM Million [+]
Foreign Exchange Reserves 2939.60 3092.50 3243.80 625.00 USD Million [+]
Loans To Private Sector 144883909.90 142325225.40 144883909.90 12719071.00 Thousand MZN [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Nov/14 2.50 17.50 2.50 percent [+]
Brazil 11.25 Oct/14 11.00 45.00 7.25 percent [+]
Canada 1.00 Oct/14 1.00 16.00 0.25 percent [+]
China 5.60 Nov/14 6.00 10.98 5.31 percent [+]
Euro Area 0.05 Nov/14 0.05 4.75 0.05 percent [+]
France 0.05 Nov/14 0.05 4.75 0.05 percent [+]
Germany 0.05 Nov/14 0.05 4.75 0.05 percent [+]
India 8.00 Oct/14 8.00 14.50 4.25 percent [+]
Indonesia 7.75 Nov/14 7.50 12.75 5.75 percent [+]
Italy 0.05 Nov/14 0.05 4.75 0.05 percent [+]
Japan 0.00 Nov/14 0.00 9.00 0.00 percent [+]
Mexico 3.00 Oct/14 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Nov/14 0.05 4.75 0.05 percent [+]
Russia 9.50 Oct/14 8.00 10.50 5.00 percent [+]
South Korea 2.00 Nov/14 2.00 5.25 2.00 percent [+]
Spain 0.05 Nov/14 0.05 4.75 0.05 percent [+]
Switzerland 0.00 Oct/14 0.00 3.50 0.00 percent [+]
Turkey 8.25 Nov/14 8.25 500.00 4.50 percent [+]
United Kingdom 0.50 Nov/14 0.50 17.00 0.50 percent [+]
United States 0.25 Oct/14 0.25 20.00 0.25 percent [+]