Mozambique Taux d'intérêt

The Central Bank of Mozambique slashed its key MIMO interest rate by 50 bps to 10.25% on September 29, 2025, marking the 11th consecutive rate reduction. This decision largely reflects expectations of single-digit inflation in the medium term, supported by a stable exchange rate and favorable international commodity prices, despite significant domestic risks and uncertainties. The central bank also said the MPC would continue to "normalize" the level of its benchmark rate, presumably at a moderate pace. The annual inflation rate in Mozambique quickened to 4.79% in August 2025, the steepest increase since November 2023, from 3.96% in July. Regarding growth, a gradual recovery in economic activity is expected over the medium term, excluding LNG production, partly supported by planned projects in strategic sectors.