Mozambique Interest Rate

Last Release

Jul 30, 2025

Actual

10.25

Units In

Frequency

Daily

Next Release

Sep 29, 2025

Time to Release

1 Months 27 Days 16 Hours

Highest	Lowest	Average	Date Range	Source
23.25 Oct 2016	7.5 Nov 2014	13.53 %	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 cut its key MIMO interest rate by another 75 bps to 10.25% on July 31, 2025, marking the tenth consecutive rate reduction. Policymakers said the decision reflects the continued anchoring of inflation expectations at single digits over the medium term, helped by a stable exchange rate and favourable trends in international prices of goods. The headline inflation edged up to 4.2% in June from 4% in May. Meanwhile, the central bank noted that the risks and uncertainties surrounding inflation projections remain high. Key factors likely to drive inflation upward in the medium term include the worsening fiscal situation—amid growing challenges in mobilizing financial resources for the State Budget—uncertainty about the pace of recovery in productive capacity and the supply of goods and services, and the impact of climate-related shocks.