The Monetary Policy Committee (MPC) of the Banco de Moçambique has decided to reduce the monetary policy rate, MIMO, from 11.75% to 11.00%. This measure is primarily driven by the consolidation of the single-digit inflation outlook over the medium term, partially supported by favorable trend in international prices of goods and services, despite persistent high domestic risks and uncertainties associated with the projections.

This MPC session was preceded by a meeting of the Financial Stability and Inclusion Committee (FSIC) of the Banco de Moçambique, which assessed systemic risk and main vulnerabilities, also reflected in this Communiqué, and concluded that the national financial system remains stable and resilient.

Read the Communiqué here.