[New post] Mozambique raises rates to 17.25%

Club of Mozambique posted: " The Monetary Policy Committee (CPMO) of the Bank of Mozambique decided to increase the monetary policy interest rate, the MIMO rate, from 15.25% to 17.25%. The measure aims to ensure the return of inflation to single digits, in the medium term," FurtherAfrica Mozambique raises rates to 17.25% Club of Mozambique Oct 1 The Monetary Policy Committee (CPMO) of the Bank of Mozambique decided to increase the monetary policy interest rate, the MIMO rate, from 15.25% to 17.25%. The measure aims to ensure the return of inflation to single digits, in the medium term, in a context in which the maintenance of volatility in the prices of energy and food products at international level is expected, in the face of the prolongation of the conflict between Russia and Ukraine, with the potential to trigger a spiral of sustained price increase at the domestic level. Also read: Mozambique – Gemfields auction raises US$4.2M Watch the announcement by central bank governor Ragério Zandamela. Comment Unsubscribe to no longer receive posts from FurtherAfrica. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://furtherafrica.com/2022/10/01/mozambique-raises-rates-to-17-25/ Powered by WordPress.com