{"id":30288,"date":"2022-12-02T16:26:13","date_gmt":"2022-12-02T16:26:13","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december"},"modified":"2022-12-02T16:26:13","modified_gmt":"2022-12-02T16:26:13","slug":"prime-rate-rises-from-22-5-to-22-6-in-december","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december","title":{"rendered":"Prime rate rises from 22.5% to 22.6% in December"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The reference interest rate (\u2018prime rate\u2019) for credit operations in Mozambique rose from 22.5% to 22.6% at the start of December, the Mozambican Association of Banks (AMB) has announced.<\/p>\n

The rate, calculated monthly by the AMB and the Bank of Mozambique, is based on a single index, calculated by the central bank, which rose from 17.2% to 17.3%, plus a cost premium of 5.3% defined by AMB, which remains unchanged.<\/p>\n

Increases in the prime rate have in the past been associated with a rise in the monetary policy interest rate (MIMO) rate, which influences the formula used by the central bank to calculate the prime rate in order to control inflation.<\/p>\n

The Monetary Policy Committee (CPMO) however signalled a new orientation at its meeting on Wednesday, by deciding to keep the MIMO rate unchanged on the basis of signs of a slowdown in inflation.<\/p>\n

In October, \u201cannual inflation for the cities of Maputo, Beira and Nampula slowed down to 11.08%, after 12.01% in September\u201d, the CPMO reports.<\/p>\n

The creation of the \u2018prime rate\u2019 was agreed between the central bank and the AMB in 2017, as a way towards eliminating the proliferation of interest rates in the cost of money.<\/p>\n

At the time of its launch, it was 27.75%, and has fallen 515 basis points since.<\/p>\n

The aim is for all credit operations to be based on a single rate, \u201cplus a margin (\u2018spread\u2019), which is be added or subtracted from the \u2018prime rate\u2019 through risk analysis\u201d of each contract, the scheme\u2019s 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 rose from 22.5% to 22.6% at the start of December, the Mozambican Association of Banks (AMB) has announced. The rate, calculated monthly by the AMB and the Bank of Mozambique, is based on a single index, calculated by the central bank, […]<\/p>\n","protected":false},"author":84,"featured_media":30286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-30288","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":"\nPrime rate rises from 22.5% to 22.6% in December - 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\/prime-rate-rises-from-22-5-to-22-6-in-december\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prime rate rises from 22.5% to 22.6% in December\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Mozambique. The reference interest rate (\u2018prime rate\u2019) for credit operations in Mozambique rose from 22.5% to 22.6% at the start of December, the Mozambican Association of Banks (AMB) has announced. The rate, calculated monthly by the AMB and the Bank of Mozambique, is based on a single index, calculated by the central bank, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december\" \/>\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=\"2022-12-02T16:26:13+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=\"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-from-22-5-to-22-6-in-december#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Prime rate rises from 22.5% to 22.6% in December\",\"datePublished\":\"2022-12-02T16:26:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december\"},\"wordCount\":266,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669985783.97.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\/prime-rate-rises-from-22-5-to-22-6-in-december#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december\",\"name\":\"Prime rate rises from 22.5% to 22.6% in December - Mozambique\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669985783.97.jpg\",\"datePublished\":\"2022-12-02T16:26:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669985783.97.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669985783.97.jpg\",\"width\":720,\"height\":445,\"caption\":\"Prime rate rises from 22.5% to 22.6% in December\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mozambique\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Prime rate rises from 22.5% to 22.6% in December\"}]},{\"@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 from 22.5% to 22.6% in December - 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\/prime-rate-rises-from-22-5-to-22-6-in-december","og_locale":"en_US","og_type":"article","og_title":"Prime rate rises from 22.5% to 22.6% in December","og_description":"Africa-Press – Mozambique. The reference interest rate (\u2018prime rate\u2019) for credit operations in Mozambique rose from 22.5% to 22.6% at the start of December, the Mozambican Association of Banks (AMB) has announced. The rate, calculated monthly by the AMB and the Bank of Mozambique, is based on a single index, calculated by the central bank, […]","og_url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december","og_site_name":"Mozambique","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-12-02T16:26:13+00:00","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-from-22-5-to-22-6-in-december#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Prime rate rises from 22.5% to 22.6% in December","datePublished":"2022-12-02T16:26:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december"},"wordCount":266,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669985783.97.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\/prime-rate-rises-from-22-5-to-22-6-in-december#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december","url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december","name":"Prime rate rises from 22.5% to 22.6% in December - Mozambique","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669985783.97.jpg","datePublished":"2022-12-02T16:26:13+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december#primaryimage","url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669985783.97.jpg","contentUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/12\/postQueueImg_1669985783.97.jpg","width":720,"height":445,"caption":"Prime rate rises from 22.5% to 22.6% in December"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/prime-rate-rises-from-22-5-to-22-6-in-december#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mozambique\/"},{"@type":"ListItem","position":2,"name":"Prime rate rises from 22.5% to 22.6% in December"}]},{"@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\/30288","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=30288"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/30288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media\/30286"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media?parent=30288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/categories?post=30288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/tags?post=30288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}