MIMO POLICY RATE UNCHANGED AT 17.25%
Wednesday, 26 July 2023
The Monetary Policy Committee (MPC) of the Banco de Moçambique has decided to keep the MIMO policy rate unchanged at 17.25%. This decision is underpinned by the prevalence of high adverse risks and uncertainties, particularly stemming from pressures on public expenditure, as well as the protracted Russia-Ukraine conflict and its escalation, despite prospects of inflation remaining in the single digits in the medium term.
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