Mozambique: Bank of Mozambique Holds Interest Rate At 9.25 Percent

Maputo — 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.

At the same meeting, the CPMO decided to modify the reserve requirement regime, a measure that will take effect starting from the next reserve maintenance period.

According to the Governor of the Bank of Mozambique, Felisberto Navalha, the decision stems from prevailing risks and…