Mozambique's central bank lowered its new monetary policy rate for the fifth consecutive time, saying the positive performance of inflation along with projections that inflation will be in single digits by the end of this year, justified continuing the easing cycle.
Mozambique's central bank lowered its new monetary policy rate (MIMO) by another 150 basis points to 19.50 percent, citing the rapid decline in inflation and an improvement in short and medium-term inflation expectations.
Mozambique's central bank lowered its new monetary policy interest rate (MIMO) by a further 50 basis points to 21.0 percent and cut its required reserve ratio for banks by a further 100 points to 14.0 despite a high risk of inflationary pressure.
Mozambique's central bank cut its new benchmark monetary policy interest rate (MIMO) by 25 basis points to 21.50 percent, saying the continued decline in consumer prices reinforced its forecast that inflation would be lower by the end of this year amid higher food supply, moderate domestic demand, exchange rate stability and favorable commodity prices.
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