Mozambique Interest Rate

Last Release

Sep 24, 2025

Actual

9.75

Units In

10.25

Frequency

Daily

Next Release

Nov 26, 2025

Time to Release

1 Months 25 Days 17 Hours

Highest	Lowest	Average	Date Range	Source
23.25 Oct 2016	7.5 Nov 2014	13.49 %	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 slashed its key MIMO interest rate by 50 bps to 10.25% on September 29, 2025, marking the 11th consecutive rate reduction. This decision largely reflects expectations of single-digit inflation in the medium term, supported by a stable exchange rate and favorable international commodity prices, despite significant domestic risks and uncertainties. The central bank also said the MPC would continue to "normalize" the level of its benchmark rate, presumably at a moderate pace. The annual inflation rate in Mozambique quickened to 4.79% in August 2025, the steepest increase since November 2023, from 3.96% in July. Regarding growth, a gradual recovery in economic activity is expected over the medium term, excluding LNG production, partly supported by planned projects in strategic sectors.