Mozambique: Bank Keeps Interest Rates Unchanged

Maputo — The Monetary Policy Committee of the Bank of Mozambique (CPMO), meeting in Maputo on Friday, decided to keep the Bank’s main interest rate unchanged.

Thus the Monetary Policy Interest Rate (MIMO) will remain 17.25 per cent, at least until the next meeting of the CPMO, scheduled for late November.

A statement from the CPMO said the decision not to raise interest rates further was taken “because of the worsening risks and uncertainties associated with the projections for inflation’ -…