MIMO POLICY RATE REDUCED TO 9.75 %

The Monetary Policy Committee (MPC) of the Banco de Moçambique has decided to reduce the monetary policy rate, MIMO, from 10.25% to 9.75%.  This decision stems from prospects of infl­ation remaining in single digits over the medium term, partially reflecting the stability of the exchange rate and favourable international commodity prices, despite the prevalence of high domestic risks and uncertainties associated with the projections.

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