Brazil

Mozambique's reserve bank keeps rates of interest at 17.25%

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The Bank of Mozambique's Monetary Policy Committee (CPMO) has announced that the monetary policy interest rate, also known as MIMO, will remain at 17.25%.This decision is grounded on a range of factors such as potential risks, uncertainties, and pressure on public expenditures, along with ongoing international conflicts.Despite these challenges, the bank expects inflation to remain in single digits in the medium term.In June 2023, the annual inflation rate dropped to 6.8%, largely due to a decrease in food prices brought about by seasonal changes and a stable exchange rate.However, the bank acknowledges that ..To read the full NEWS and much more, Subscribe to our Premium Membership Plan.
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