The Monetary Policy Committee (CPMO) of the Banco de Moçambique decided to keep the monetary policy interest rate, MIMO, unchanged at 9.25% and to change the reserve requirement regime as of the next reserve maintenance period. This decision mainly reflects persistently high risks and uncertainties regarding the impact of climate shocks and protracted geopolitical tensions in the Middle East and Europe, with potential effects on international fuel and food prices, against the backdrop of a slow recovery in economic activity.  

Read the Communiqué here.

____________________________

HIGHLIGHTS

• Visit the Banco de Moçambique Museum: “A Life in Brushstrokes - A Tribute to José Pádua”
• Second edition of the Entre Moedas & Artes Newsletter by the Banco de Moçambique Museum Out Now
• Find answers to your questions about METIX
• BM Podcast: Learn More About Mozambique’s Sovereign Wealth Fund