Mozambique: Central Bank Raises Interest Rates Again

Maputo — The Bank of Mozambique has again increased its key interest rates, in its attempts to control inflation.

A statement from the Bank's Monetary Policy Committee, which met in Maputo on Wednesday, announced that the Standing Lending Facility (the interest rate paid by the commercial banks to the central bank for money borrowed on the Interbank Money Market) will rise immediately by 200 base points, from 10.75 to 12.75 per cent.

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