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Mozambique Interest Rate Decision
Interest rate decisions are decided by the Monetary Policy Committee of the Central Bank of Mozambique, which is the country's central bank and is responsible for setting the country's interest rates (Banco de Mozambique). At the moment, the official interest rate is determined by the interbank money market rate (taxa do Mercado Interbancario Mozambicano, MIMO). In force from April 10th, 2017, it has completely replaced the standing lending facility rate (taxa de juro da facilidade permanente de cedência), which was previously in effect.
A higher than expected figure should be seen as positive (bullish) for the MZN while a lower than expected figure should be seen as negative (bearish) for the MZN.
Source:
Banco de Moçambique
Category:
Interest Rate
Units:
Percent
Latest Release
Previous:
11%
Consensus:
11%
Actual:
10.25%
Next Release
Date:
Sep 29, 14:00
Time left:
30 days
Consensus:
10.25%
Data updated. Please refresh the page.
