Mozambique MIMO rate (Taxa de Juro de Política Monetária)
Mozambique MIMO rate (Taxa de Juro de Política Monetária) is 9.25 percent, in force since 28 Jan 2026. It was 9.5 percent before that. Last checked against the official source on 10 Aug 2026.
Banco de Moçambique's policy interest rate — the taxa MIMO (taxa de Mercado Monetário Interbancário de Moçambique), set by the Comité de Política Monetária (CPMO), composed of the Governor, Vice-Governor and Administrators, which meets once every two months and decides the level of the MIMO rate.
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| Current value | 9.25 percent |
|---|---|
| In force from | 2026-01-28 |
| Official source | Banco de Moçambique — Comité de Política Monetária, Comunicado n.º 1/2026, Maputo, 28 de Janeiro de 2026: 'Taxa de Juro de Política Monetária reduzida para 9,25 %' — o CPMO decidiu reduzir a taxa MIMO de 9,50 % para 9,25 %. Held unchanged since: Comunicado n.º 2/2026 (23 de Março de 2026) and Comunicado n.º 3/2026 (25 de Maio de 2026), both 'Taxa de Juro de Política Monetária mantida em 9,25 %' |
| Last verified | 2026-08-10 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
DIRECTION CONFIRMED — Mozambique was easing, and has now STOPPED. The 28 Jan 2026 cut to 9.25% was the last step of the easing cycle the CPMO says began in January 2024; that communiqué already warned 'aproxima-se o fim do ciclo de redução da taxa MIMO'. On 23 Mar 2026 the CPMO explicitly stated it 'interrompeu o ciclo de redução iniciado em Janeiro de 2024', citing the outbreak of Middle East conflict and its effect on logistics chains and energy/food prices. The latest decision, Comunicado n.º 3/2026 of 25 May 2026, held MIMO at 9.25% AND tightened by another instrument: the reserve requirement (Reservas Obrigatórias) on domestic-currency liabilities was raised from 29.0% to 39.0% to absorb excess bank liquidity, while the foreign-currency coefficient was kept at 29.5%. The same communiqué revised the inflation forecast UP and said inflation could reach double digits depending on the duration of the conflict. So a consumer reading 'still 9.25%' should not read the stance as unchanged — the tightening moved to reserve requirements. Recent path (all cuts): 11.75% -> 11.00% (30 May 2025), -> 10.25% (31 Jul 2025), -> 9.75% (29 Sep 2025), -> 9.50% (14 Nov 2025), -> 9.25% (28 Jan 2026). The CPMO of 29 July 2026 HELD the MIMO rate at 9.25% (Comunicado n.º 4/2026: 'decidiu manter a taxa de juro de política monetária, taxa MIMO, em 9,25 %'). NEXT ORDINARY CPMO MEETING: 30 September 2026 (announced at the end of Comunicado 4/2026) — this series should be re-checked immediately after that date. Effective dates: BdM communiqués do not state a separate entry-into-force date; the decision date is used as effective_from, which is the market convention for the MIMO rate. ACCESS NOTE: bancomoc.mz serves an incomplete TLS chain (intermediate certificate missing), so standard fetchers fail with 'unable to verify the first certificate'; and every CPMO communiqué PDF is a SCANNED IMAGE with no text layer — a source-watcher must OCR them, not grep them. Communiqué index: https://www.bancomoc.mz/pt/areas-de-actuacao/politica-monetaria/comite-de-politica-monetaria/
Earlier values
| From | Value | Source |
|---|---|---|
| 2025-11-14 | 9.5 | Banco de Moçambique — CPMO, Comunicado n.º 6/2025, Maputo… |
| 2025-09-29 | 9.75 | Banco de Moçambique — CPMO, Comunicado n.º 5/2025, Maputo… |
| 2025-07-31 | 10.25 | Banco de Moçambique — CPMO, Comunicado n.º 4/2025, Maputo… |
| 2025-05-30 | 11 | Banco de Moçambique — CPMO, Comunicado n.º 3/2025, Maputo… |
Get it programmatically
curl https://afriref.dev/v1/mz/policy-rate
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://afriref.dev/v1/mz/policy-rate/history?from=2020-01-01
# Provenance: curl https://afriref.dev/provenance/mz/policy-rateOther Mozambique series: IVA standard rate · VAT registration threshold · Sectoral minimum wages (salários mínimos por sector) · Public holidays · CPI inflation (year-on-year) · IRPC standard rate · Withholding tax rates · Commercial legal interest rate (taxa de juro comercial) · IRPS progressive rate schedule · Statutory social-insurance contributions
The same figure elsewhere: Namibia · Niger · Nigeria · Republic of the Congo · Rwanda · all 34