Africa-Press – Mozambique. The Monetary Policy Committee (CPMO) of the Bank of Mozambique decided to increase the monetary policy interest rate, the MIMO rate, from 15.25% to 17.25%.
The measure aims to ensure the return of inflation to single digits, in the medium term, in a context in which the maintenance of volatility in the prices of energy and food products at international level is expected, in the face of the prolongation of the conflict between Russia and Ukraine, with the potential to trigger a spiral of sustained price increase at the domestic level.
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