Bank of Mozambique hikes policy rate by 300 basis points

Bank of Mozambique
J Cornelius

The Bank of Mozambique became the first central bank to increase policy rates in 2021 as it announced a sharp increase on January 27.

The central bank’s Monetary Policy Committee increased the primary interest rate by 300 basis points from 10.25% to 13.25%. The decision marks the first time the central bank has raised its policy rate since 2017.

The central bank also announced increases in the deposit lending facility and marginal lending facility rates. Its reserve requirements for commercial

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account