Money Market

Interest Rates

Date: 6th February 2023

Description Interest Rates (%)
Standing Deposit Facility 14,25
Standing Lending Facility 20,25
MIMO rate 17,25
Prime rate 22,60
Effective MIMO 17,25

(*) The Agreement for the Uniformisation of the Calculation Basis (Indexante) of the Interest Rate in the Banking System, signed on 17 May 2017 revoked the Adhesion Agreement on the use of MAIBOR as the Leading Rate of the Interbank Monetary Market therefore leading to the discontinuity of the publication of this rate.

Standing Facilities

Settlement Date

Maturity (days)

Interest Rate (%)

Standing Lending Facility

(mio MT)

Standing Deposit Facility

 (mio MT)
02/02/2023 4 20,25    
02/02/2023 4 14,25    7.969,21

Interbank Transactions

Unsecured Transactions Between Banks

Maturity (days)

Amount (MZN million)

Weighted Average Interest Rate (%)

Latest Transaction
Overnight(1) 2.228,00 17,25 24/01/2023
2 – 7 200,00 15,25 06/04/2022
8 – 5 100,00 15,06 19/10/2018
16 – 30 100,00 22,85 23/03/2017
>30 200,00 14,35 15/01/2019

Repo Transactions Between Banks

Maturity (days) Amount (MZN million) Weighted Average Interest Rate (%) Latest Transaction
Overnight(1) 100,00 17,25 28/12/2022
2 – 7 350,00 13,30 02/03/2022
8 – 5 50,00 13,25 15/09/2021
16 – 30 50,00 13,25 01/10/2021
>30 680,00 13,00 16/01/2020

     (1) Transactions that start on a given date and mature on the following working day.

Banco de Moçambique Interventions

Treasury Bills

Latest Auction: 01/02/2023 

  Supply Demand Allotted Amount Weighted Average Interest Rate (TMP)
91-day T-Bills 3.200,00 3.117,00 3.117,00 17,71%
182-day T-Bills   2.500,00 2.338,00 2.255,00 17,74%
364-day T-Bills   2.200,00 2.166,00 2.066,00 17,80%

(Amounts in MZN million)

TMP - Weighted Average Rate

REPO

Latest Auction: 25/01/2023 

  Supply Demand Allotted Amount Weighted Average Interest Rate(TMP)
7-day RR (1) 115.800,00 115.585,00 115.585,00 17,29%
28-day RR 2.300,00 2.300,00 2.300,00 17,48%
63-day RR 2.400,00 2.290,00 2.200,00 17,60%

(1) Reverse Repo (RR) auctions take place every week.

Money Market Instrument Stocks

Date of last change of stock: 02/02/2023

7-day RR 

28-day RR 

63-day RR 

91-day T-Bills

182-day T-Bills 

364-day T-Bills

T-Bills with companies

T-Bills with Non-Monetary Financial Institutions 

T-Bills with private individuals 

115.585,00 4.530,00 7.100,00 27.789,00 35.963,00 49.053,00 938,00 5.619,56 916,31

 

Secondary Market Treasury Bill Transactions

Monthly Average Money Market Interest Rates

 

Instruments Maturity  November - 2022 December - 2022 January - 2023
Treasury Bills (T-Bills) 91 days 17,61% 17,65% 17,69%
  182 days 17,64% 17,69% 17,73%
  364 days 17,68% 15,72% 17,74%
         
Reverse Repo 7 days 17,29% 17,29% 17,29%
  28 days 17,47% 17,50% 17,49%
  63 days 17,52% 17,63% 17,62%
         
Unsecured Transactions Between Banks Overnight 17,25% 17,25% 17,25%
Repo Between Banks Overnight 17,25% 17,25% 17,25%

 

(b) There were no transactions concerning these maturities