MIMO POLICY RATE UNCHANGED AT 9.25%
Wednesday, 29 July 2026
The Monetary Policy Committee (MPC) of the Banco de Moçambique has decided to keep the monetary policy rate, MIMO, unchanged at 9.25%. This decision is underpinned by the reduction in domestic currency liquidity in the banking system following the increase in the Reserve Requirement ratio in May 2026, despite the persistence of significant risks and uncertainties surrounding inflation projections, particularly the duration of the conflict in the Middle East and the resulting impact on supply chains, the availability of goods and the volatility of international fuel prices.
Read the Communiqué here.