Mozambique Interest Rate

Last Release

May 30, 2025

Actual

Units In

11.75

Frequency

Daily

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
23.25 Oct 2016	7.5 Nov 2014	13.56 %	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 lowered its key MIMO interest rate by 75 bps to 11% in a decision announced on May 30,2025, marking the ninth consecutive rate reduction. Policymakers said the move primarily reflects the stabilization of inflation expectations within single digits over the medium term, supported in part by favorable trends in international prices of goods and services, despite ongoing significant domestic risks and uncertainties impacting projections. Mozambique's annual inflation rate fell to 3.99% in April 2025 from a near 1-1/2-year high of 4.77% in the prior month, reversing the upward trend that followed October’s election turmoil.