MIMO RATE REDUCED TO 13.50%

The Banco de Moçambique Monetary Policy Committee (MPC) decided to reduce the policy rate, MIMO, from 14.25% to 13.50%.  This decision is underpinned by the continued consolidation of single-digit inflation prospects over the medium term, in a context where the assessment of risks and uncertainties associated with projections remain favorable.

Read the Communiqué here.