Mozambique’s central bank lowered its main interest rate by 75 basis points on Wednesday, marking the sixth consecutive cut as inflation remains low.
- The MIMO rate was reduced to 12.75% from 13.50%, with inflation staying under 3% since July, registering 2.68% year-on-year in October.
- The Bank of Mozambique indicated that this decision aligns with its objective of maintaining single-digit inflation in the medium term, despite uncertainties from post-election protests and their potential impact on prices.
