Mozambique Tasa De Interés

The Central Bank of Mozambique cut its key MIMO interest rate by another 75 bps to 10.25% on July 31, 2025, marking the tenth consecutive rate reduction. Policymakers said the decision reflects the continued anchoring of inflation expectations at single digits over the medium term, helped by a stable exchange rate and favourable trends in international prices of goods. The headline inflation edged up to 4.2% in June from 4% in May. Meanwhile, the central bank noted that the risks and uncertainties surrounding inflation projections remain high. Key factors likely to drive inflation upward in the medium term include the worsening fiscal situation—amid growing challenges in mobilizing financial resources for the State Budget—uncertainty about the pace of recovery in productive capacity and the supply of goods and services, and the impact of climate-related shocks.