The Monetary Policy Committee (MPC) of the Banco de Moçambique has decided to reduce the monetary policy rate, MIMO, from 11.00% to 10.25%.  This measure is primarily driven by the ongoing consolidation of the single-digit inflation outlook over the medium term, partially supported by the favorable trend in international commodity prices, despite persistent high domestic risks and uncertainties associated with projections.

Read the Communiqué here.