{"id":20446,"date":"2022-06-01T15:01:22","date_gmt":"2022-06-01T15:01:22","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6"},"modified":"2022-06-01T15:06:41","modified_gmt":"2022-06-01T15:06:41","slug":"prime-rate-rises-to-20-6","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6","title":{"rendered":"Prime rate rises to 20.6%"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The reference interest rate (\u2018prime rate\u2019) for credit operations in Mozambique rises today by 150 basis points to 20.6%, the rate to be in force during the month of June, the Mozambican Association of Banks (AMB) has announced.<\/p>\n

The rate calculated monthly by the AMB and the Bank of Mozambique, the county\u2019s central bank, is based on a single index (calculated by the central bank ) which now rose from 13.8% to 15.3%, and on a premium cost, defined by AMB, which remained unchanged at 5.3%.<\/p>\n

This is the second consecutive prime rate hike since the Bank of Mozambique decided at the end of March to increase the monetary policy interest rate (MIMO) \u2013 which influences the \u2018prime rate\u2019 calculation formula \u2013 with the aim of controlling inflation.<\/p>\n

Year-on-year inflation in Mozambique rose to 7.9% in May, the highest value in the last four-and-a-half years, but the central bank expects it to remain at \u201csingle-digit [below 10%] levels in the medium term\u201d. The \u2018prime rate\u2019 in October, 2021, was 18.6%, rising to 19.1% in May and to 20.6% in June.<\/p>\n

The creation of the \u2018prime rate\u2019 was agreed five years ago between the central bank and the AMB to eliminate the proliferation of different rates in the cost of money. It launched at a value of 27.75%, and has dropped 715 basis points since then. The objective is for all credit operations to be based on a single rate, \u201cplus a spread, which will be added or subtracted from the \u2018prime rate\u2019 through risk analysis\u201d of each contract, the promoters explained at the time.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The reference interest rate (\u2018prime rate\u2019) for credit operations in Mozambique rises today by 150 basis points to 20.6%, the rate to be in force during the month of June, the Mozambican Association of Banks (AMB) has announced. The rate calculated monthly by the AMB and the Bank of Mozambique, the county\u2019s […]<\/p>\n","protected":false},"author":84,"featured_media":20445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-20446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nPrime rate rises to 20.6% - Mozambique<\/title>\n<meta name=\"description\" content=\"The reference interest rate (\u2018prime rate\u2019) for credit operations in Mozambique rises today by 150 basis points to 20.6%, ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prime rate rises to 20.6%\" \/>\n<meta property=\"og:description\" content=\"The reference interest rate (\u2018prime rate\u2019) for credit operations in Mozambique rises today by 150 basis points to 20.6%, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-01T15:01:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-01T15:06:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62978067b4107.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"749\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Prime rate rises to 20.6%\",\"datePublished\":\"2022-06-01T15:01:22+00:00\",\"dateModified\":\"2022-06-01T15:06:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6\"},\"wordCount\":265,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62978067b4107.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6\",\"name\":\"Prime rate rises to 20.6% - Mozambique\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62978067b4107.jpg\",\"datePublished\":\"2022-06-01T15:01:22+00:00\",\"dateModified\":\"2022-06-01T15:06:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The reference interest rate (\u2018prime rate\u2019) for credit operations in Mozambique rises today by 150 basis points to 20.6%, ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62978067b4107.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62978067b4107.jpg\",\"width\":749,\"height\":500,\"caption\":\"Prime rate rises to 20.6%\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mozambique\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Prime rate rises to 20.6%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/\",\"name\":\"Mozambique\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Prime rate rises to 20.6% - Mozambique","description":"The reference interest rate (\u2018prime rate\u2019) for credit operations in Mozambique rises today by 150 basis points to 20.6%, ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6","og_locale":"en_US","og_type":"article","og_title":"Prime rate rises to 20.6%","og_description":"The reference interest rate (\u2018prime rate\u2019) for credit operations in Mozambique rises today by 150 basis points to 20.6%, ...","og_url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6","og_site_name":"Mozambique","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-06-01T15:01:22+00:00","article_modified_time":"2022-06-01T15:06:41+00:00","og_image":[{"width":749,"height":500,"url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62978067b4107.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Prime rate rises to 20.6%","datePublished":"2022-06-01T15:01:22+00:00","dateModified":"2022-06-01T15:06:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6"},"wordCount":265,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62978067b4107.jpg","keywords":["Africa Press","Africa Press-Mozambique","Mozambique"],"articleSection":["all news","economy","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6","url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6","name":"Prime rate rises to 20.6% - Mozambique","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62978067b4107.jpg","datePublished":"2022-06-01T15:01:22+00:00","dateModified":"2022-06-01T15:06:41+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The reference interest rate (\u2018prime rate\u2019) for credit operations in Mozambique rises today by 150 basis points to 20.6%, ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6#primaryimage","url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62978067b4107.jpg","contentUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62978067b4107.jpg","width":749,"height":500,"caption":"Prime rate rises to 20.6%"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-to-20-6#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mozambique\/"},{"@type":"ListItem","position":2,"name":"Prime rate rises to 20.6%"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/mozambique\/#website","url":"https:\/\/www.africa-press.net\/mozambique\/","name":"Mozambique","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/20446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/comments?post=20446"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/20446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media\/20445"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media?parent=20446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/categories?post=20446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/tags?post=20446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}