{"id":30271,"date":"2022-12-02T16:26:34","date_gmt":"2022-12-02T16:26:34","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady"},"modified":"2022-12-02T16:26:34","modified_gmt":"2022-12-02T16:26:34","slug":"central-bank-holds-monetary-policy-interest-rate-steady","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady","title":{"rendered":"Central Bank holds monetary policy interest rate steady"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Monetary Policy Committee of the Bank of Mozambique (CPMO), meeting in Maputo on Wednesday, decided to keep its benchmark interest rate unaltered.<\/p>\n

A statement from the CPMO said that the monetary policy interest rate (MIMO) used by the central bank for its interventions on the interbank money market to regulate liquidity, will remain 17.25 per cent.<\/p>\n

The decision not to raise or lower interest rates, the CPMO said, \u201cis sustained by the high risks and uncertainties associated with the projection of inflation\u201d. Those risks included \u201cthe effects of the persistence of geopolitical tension in Europe, and the slowdown in foreign demand, despite the prospect of a return to single digit inflation in the medium term\u201d.<\/p>\n

The inflation rate is slowing down. Annual inflation, as measured by the consumer price indices in the three main cities (Maputo, Nampula and Beira), fell from 12.01 per cent in September to 11.08 per cent in October. This, the CPMO said, reflected a fall in food prices, particularly of fruit and vegetables.<\/p>\n

The Bank was optimistic that, in the medium term, the annual inflation rate will fall to below ten per cent, due in part to the stability of the national currency, the metical.<\/p>\n

Nonetheless, the CPMO warned of a high level of risk, thanks to growing pressures for an increase in public expenditure, and uncertainties about climatic shocks and the effect these will have on marketing and prices. Furthermore, nobody knows how long the Russian invasion of Ukraine will last, and the risk remains of a worldwide economic recession.<\/p>\n

The central bank has revised downwards its forecast for economic growth in 2023. In the third quarter of 2022, the annual growth rate slowed to 3.6 per cent, which the CPMO statement blamed on \u201cthe poor performance of the secondary sector\u201d.<\/p>\n

In the medium term, a slowdown in the expansion of economic activity is expected \u201cfaced with the potential reduction in foreign demand, and restrictive financial conditions, including added difficulties in access to international financial markets\u201d.<\/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 Monetary Policy Committee of the Bank of Mozambique (CPMO), meeting in Maputo on Wednesday, decided to keep its benchmark interest rate unaltered. A statement from the CPMO said that the monetary policy interest rate (MIMO) used by the central bank for its interventions on the interbank money market to regulate liquidity, […]<\/p>\n","protected":false},"author":84,"featured_media":30270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-30271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nCentral Bank holds monetary policy interest rate steady - Mozambique<\/title>\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\/central-bank-holds-monetary-policy-interest-rate-steady\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Bank holds monetary policy interest rate steady\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Mozambique. The Monetary Policy Committee of the Bank of Mozambique (CPMO), meeting in Maputo on Wednesday, decided to keep its benchmark interest rate unaltered. A statement from the CPMO said that the monetary policy interest rate (MIMO) used by the central bank for its interventions on the interbank money market to regulate liquidity, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady\" \/>\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=\"2022-12-02T16:26:34+00:00\" \/>\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=\"2 minutes\" \/>\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\/central-bank-holds-monetary-policy-interest-rate-steady#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Central Bank holds monetary policy interest rate steady\",\"datePublished\":\"2022-12-02T16:26:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady\"},\"wordCount\":346,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669985820.93.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady\",\"name\":\"Central Bank holds monetary policy interest rate steady - Mozambique\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669985820.93.jpg\",\"datePublished\":\"2022-12-02T16:26:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669985820.93.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669985820.93.jpg\",\"width\":720,\"height\":432,\"caption\":\"Central Bank holds monetary policy interest rate steady\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mozambique\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Central Bank holds monetary policy interest rate steady\"}]},{\"@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":"Central Bank holds monetary policy interest rate steady - Mozambique","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\/central-bank-holds-monetary-policy-interest-rate-steady","og_locale":"en_US","og_type":"article","og_title":"Central Bank holds monetary policy interest rate steady","og_description":"Africa-Press – Mozambique. The Monetary Policy Committee of the Bank of Mozambique (CPMO), meeting in Maputo on Wednesday, decided to keep its benchmark interest rate unaltered. A statement from the CPMO said that the monetary policy interest rate (MIMO) used by the central bank for its interventions on the interbank money market to regulate liquidity, […]","og_url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady","og_site_name":"Mozambique","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-12-02T16:26:34+00:00","author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Central Bank holds monetary policy interest rate steady","datePublished":"2022-12-02T16:26:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady"},"wordCount":346,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669985820.93.jpg","keywords":["Africa Press","Africa Press-Mozambique","Mozambique"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady","url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady","name":"Central Bank holds monetary policy interest rate steady - Mozambique","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669985820.93.jpg","datePublished":"2022-12-02T16:26:34+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady#primaryimage","url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669985820.93.jpg","contentUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669985820.93.jpg","width":720,"height":432,"caption":"Central Bank holds monetary policy interest rate steady"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/central-bank-holds-monetary-policy-interest-rate-steady#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mozambique\/"},{"@type":"ListItem","position":2,"name":"Central Bank holds monetary policy interest rate steady"}]},{"@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\/30271","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=30271"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/30271\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media\/30270"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media?parent=30271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/categories?post=30271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/tags?post=30271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}