Mozambique Tasa De Interés

The Central Bank of Mozambique cut its key MIMO interest rate by 25 bps to 9.5% on November 14, 2025, the lowest since November 2015, marking the 12th consecutive rate reduction. The decision largely reflects continued expectations of single-digit inflation in the medium term, despite concerns over delays in public debt payments. Policymakers noted that the annual inflation rate in Mozambique eased only slightly to 4.8% in October 2025, from 4.9% in the prior month. Meanwhile, the central bank warned that risks and uncertainties surrounding inflation projections remain high. "In the medium term, beyond the impacts of climate shocks and the slow recovery of productive capacity and supply of goods and services, delays in the government’s payment of domestic public debt instruments represent a significant concern.”, said Governor Rogério Zandamela.