1992-11-09

Added 2026-08-09

NOTICE No. 004/GGBM/92, OF NOVEMBER 9 - SETS THE ANNUAL INTEREST RATE FOR CREDIT OPERATIONS

The Bank of Mozambique has set new annual interest rates for credit operations, effective November 10, 1992. The Central Bank's rediscount rates are fixed at 43%, with specific limits for rediscount (up to 6% for 2 weeks) and increases (up to 6% for 1 week, with a 2% surcharge). Commercial banks must apply new credit interest rates ranging from 43% for short-term loans (up to 180 days) to 46% for long-term loans (more than 3 years) to various economic sectors. This new rate regime may also apply to existing credit agreements if the contract allows for interest rate adjustments based on legally established limits.

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