The prime rate for credit operations in Mozambique in June will be 23.5%, announced the Mozambican Banking Association (AMB), the highest in the last five years. According to data collected by Lusa, you have to go back to May 2018 to find the same value....
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Reference interest rate in Mozambique rises from 22.5% to 22.6% in December
The prime rate for credit operations in Mozambique rose from 22.5% to 22.6% in December, the Mozambican Banking Association (AMB) announced. The rate calculated monthly by AMB and Banco de Moçambique (BM) is based on a single index (calculated by the central bank) which rose...
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November 1, 2022November 1, 2022Economy
Reference interest rate increases the most in 20 months
The prime rate for credit operations in Mozambique recorded today the highest increase since March 2021, rising from 20.61 PT2T to 22.51 PT2T, announced the Mozambican Association of Banks (AMB). The rate calculated monthly by AMB and the Bank of Mozambique (BM) is based on a single indexer (calculated on the...
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Mozambican benchmark interest rate remains at 20% in October
The prime rate for credit operations in Mozambique will remain at 20.6% in October, the fifth consecutive month with the same value, announced today the Mozambican Association of Banks (AMB). The rate calculated monthly by AMB and Banco de Moçambique (BM) is based on a single index (calculated by the...
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Interest rates are maintained for the fifth consecutive month
The Mozambican Association of Banks (AMB) announced this Monday that the prime rate will remain at 18.61 PT2T in February, i.e. for the fifth consecutive month. A decrease of 30 basis points led to the fixing of the prime rate at 18.61 PT2T on October 1, 2021 in relation to the previous month of the...
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Reference interest rate remains at 18.6% next month
The Mozambican Association of Banks (AMB) said Friday that the "Prime Rate" reference interest rate will remain at 18.6% for the second consecutive month. The rate calculated by AMB and the Bank of Mozambique (BM) is based on a single index of 13.3% (calculated by the central bank) that remains unchanged and a premium of...