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Find all the economic and financial information on our Orishas Direct application to download on Play StoreMozambique's central bank cut its MIMO interest rate from 13.50% to 12.75% on Wednesday, representing the sixth consecutive drop.
Mozambique's MIMO interest rate has been reduced from 13.50% to 12.75%. Inflation in Mozambique has remained below 3% since July, reaching 2.68% year on year in October
.The Bank of Mozambique said in a statement that its latest monetary policy decision was consistent with maintaining single-digit inflation in the medium term, despite the uncertainties associated with post-election protests and their impact on the prices of goods and services.
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