Bank credit to the economy grew by 0.3% in March 2025, reaching 3.9 billion dollars, according to the Bank of Mozambique (BdM).
According to the institution’s statistical report, the total credit stock rose from approximately 284 billion meticais in February to around 285 billion meticais in March.
Despite the increase, the volume remains below the all-time high recorded in November 2024, when it reached about 291 billion meticais (4.1 billion dollars).
Credit to individuals continued to lead, totaling 99 billion meticais (1.5 billion dollars). This was followed by the transport and communications sectors, with 25 billion meticais (396 million dollars); manufacturing, with approximately 22 billion meticais (354 million dollars); and trade, with around 22 billion meticais (348 million dollars).
This performance comes in the context of a loosening monetary policy. The prime rate fell to 18% in May, down from 18.5% in April, according to the Mozambican Banking Association.
The MIMO rate (the monetary policy interest rate), which influences the formation of the prime rate, was revised downward from 12.25% to 11.75% by the Bank of Mozambique’s Monetary Policy Committee during its meeting on March 26.
According to the central bank, the decision is based on sustained single-digit inflation expectations over the medium term, despite rising uncertainties related to fiscal risk. The next committee meeting is scheduled for May 28 in Maputo.
Source: Diário Económico
