Money Market

Interest Rates

Date: 24th June 2024

Description Interest Rates (%)
Standing Deposit Facility 12,00
Standing Lending Facility 18,00
MIMO rate 15,00
Prime rate 22,00
Effective MIMO 15,00

(*) 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

 

Description

Standing Lending Facility

Standing Deposit Facility

Amount (MZN million) 0,00

8.238,90

Settlement Date 20/06/2024 24/06/2024
Maturity (days) O/N O/N
Interest Rate (%) 18,00 12,00

Interbank Transactions

Unsecured Transactions Between Banks

Maturity (days)

Amount (MZN million)

Weighted Average Interest Rate (%)

Latest Transaction
Overnight(1) 1.793,00 15,00 21/06/2024
2 – 7 600,00 17,25 12/10/2022
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) 800,00 15,00 21/06/2024
2 – 7 1.644,00 17,30 10/10/2023
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: 19/06/2024 

  Supply Demand Allotted Amount Weighted Average Interest Rate (TMP)
91 days 1.000,00 890,00 838,00 16,21%
182 days 2.500,00 2.423,00 2.389,00 16,51%
364 days 1.000,00 781,00 781,00 16,96%

(Amounts in MZN million)

TMP - Weighted Average Rate

REVERSE REPO

Latest Auction: 12/06/2024 

  Supply Demand Allotted Amount Weighted Average Interest Rate(TMP)
7-day RR (1) 54.000,00 53.920,00 53.920,00 15,00%
1 - Month RR 600,00 600,00 500,00 15,35%

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

 

REPO

Latest Auction: 25/07/2023 

  Supply Demand Allotted Amount Weighted Average Interest Rate(TMP)
1-day RR 15.600,00 14.420,00 14.420,00 17,25%

 

O/N Operation

Latest Auction: 28/05/2024 

  Supply Demand Allotted Amount Weighted Average Interest Rate(TMP)
1-day RR 42.600,00 42.193,00 42.193,00 15,00%

 

Money Market Instrument Stocks

Date of last change of stock: 13/06/2024

7-day RR 

28-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 

53.920,00 500,00 11.984,00 29.172,00 102.606,00 5.677,60 9.435,21 2.117,88

 

Secondary Market Treasury Bill Transactions

Monthly Average Money Market Interest Rates

 

Instruments Maturity  March-2024 April - 2024 May - 2024
Treasury Bills (T-Bills) 91 days 17.62% 16.96% 16.96%
  182 days 18.06% 17.49% 17.10%
  364 days 18.31% 17.74% 17.72%
         
Reverse Repo 7 days 15.75% 15.75% 15,57%
  28/35 days 16.50% 16,08% 15,35%
  63 days (b) (b) (b)
         
Unsecured Transactions Between Banks Overnight 16.42% 15,75% 15,75%
Repo Between Banks Overnight 16.49% 15,75% 15,75%

 

(b) There were no transactions concerning these maturities