{"id":25857,"date":"2022-09-06T15:10:55","date_gmt":"2022-09-06T15:10:55","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/standard-bank-expects-inflation-of-11-7-this-year"},"modified":"2022-09-06T15:22:42","modified_gmt":"2022-09-06T15:22:42","slug":"standard-bank-expects-inflation-of-11-7-this-year","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/standard-bank-expects-inflation-of-11-7-this-year","title":{"rendered":"Standard Bank expects inflation of 11.7% this year"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Standard Bank forecasts that Mozambique will end the year with inflation of 11.7%, with the pace of price rises slowing in the coming months.<\/p>\n

The peak may have already been reached in August, said the bank\u2019s chief economist, F\u00e1usio Muss\u00e1.<\/p>\n

He highlighted the impact of measures announced by the government to subsidise transport and fuel imports to ensure a certain stability in prices.<\/p>\n

\u201cThe most vulnerable sections of our society are the most affected by the impact of the rise in fuel prices,\u201d he said.<\/p>\n

\u201cIn this scenario, we expect that the Bank of Mozambique will maintain the monetary policy reference interest rate (MIMO) until the end of the year at the current level of 15.25%,\u201d he added.<\/p>\n

F\u00e1usio Muss\u00e1 said he was concerned about the fall in international reserves, leading to a reduction in import cover to 4.7 months.<\/p>\n

\u201cIn view of the increased foreign aid (from the World Bank, International Monetary Fund and other partners), the government can be expected to restore the level of reserves to more than four months of imports in the coming months,\u201d he added.<\/p>\n

\u201cThis may help reduce some of the pressures on the foreign exchange market from a liquidity perspective,\u201d Muss\u00e1 said.<\/p>\n

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

Africa-Press – Mozambique. Standard Bank forecasts that Mozambique will end the year with inflation of 11.7%, with the pace of price rises slowing in the coming months. The peak may have already been reached in August, said the bank\u2019s chief economist, F\u00e1usio Muss\u00e1. He highlighted the impact of measures announced by the government to subsidise […]<\/p>\n","protected":false},"author":84,"featured_media":25856,"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-25857","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":"\nStandard Bank expects inflation of 11.7% this year - Mozambique<\/title>\n<meta name=\"description\" content=\"Standard Bank forecasts that Mozambique will end the year with inflation of 11.7%, with the pace of price rises slowing ...\" \/>\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\/standard-bank-expects-inflation-of-11-7-this-year\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Standard Bank expects inflation of 11.7% this year\" \/>\n<meta property=\"og:description\" content=\"Standard Bank forecasts that Mozambique will end the year with inflation of 11.7%, with the pace of price rises slowing ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/standard-bank-expects-inflation-of-11-7-this-year\" \/>\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=\"2022-09-06T15:10:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-06T15:22:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/09\/postQueueImg_9-6317659eeae7a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"501\" \/>\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\/standard-bank-expects-inflation-of-11-7-this-year#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/standard-bank-expects-inflation-of-11-7-this-year\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Standard Bank expects inflation of 11.7% this year\",\"datePublished\":\"2022-09-06T15:10:55+00:00\",\"dateModified\":\"2022-09-06T15:22:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/standard-bank-expects-inflation-of-11-7-this-year\"},\"wordCount\":219,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/standard-bank-expects-inflation-of-11-7-this-year#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/09\/postQueueImg_9-6317659eeae7a.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\/standard-bank-expects-inflation-of-11-7-this-year#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/standard-bank-expects-inflation-of-11-7-this-year\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/standard-bank-expects-inflation-of-11-7-this-year\",\"name\":\"Standard Bank expects inflation of 11.7% this year - 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