Mozambique: Central Bank Cuts Interest Rates

Maputo — The Monetary Policy Committee of the Bank of Mozambique on Thursday announced a reduction of 50 base points in the central bank's key interest rates.

The new interest rate, introduced in April, the Interbank Money Market Rate (MIMO), falls from 21.5 to 21 per cent. The central bank's interventions on the interbank money market to regulate liquidity are based on this rate.

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