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.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.