Key data points
Last release
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Observation period
Nov 27, 2024
Next release
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Forecast
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Highest
23.25 % on Mar 31, 2017
Lowest
7.50 % on Sep 14, 2015
About Mozambique interest rate
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).
Related indicators
Frequently Asked Questions
Mozambique interest rate is 12.75% at the moment.
Last month Mozambique interest rate was 12.75%, and the month before that it amounted to 13.5%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.