Mozambique: Bank of Mozambique Continues Holding Interest Rate At 9.25 Per Cent

Maputo, 30 Jul (AIM) The Monetary Policy Committee of the Bank of Mozambique (CPMO), meeting in Maputo on Wednesday, has decided to continue keeping its benchmark interest rate, known as the MIMO rate, at 9.25 per cent.

A statement from the CPMO said the decision reflects a confidence in economic stability and the effectiveness of measures adopted to control inflation. “Although inflation rose slightly to 7.5 percent in June, the outlook points to a slowdown in the medium term, supported by…