Mozambique Monetary Policy Unchanged in June


At its June 13th, 2014 meeting, The Central Bank of Mozambique Monetary Policy Committee decided to keep the benchmark interest rate at 4.0 percent for the eighth straight month, as it considered the suitable monetary policy to accomplish the established macroeconomic targets.

The deposit facility rate was kept at 1.50 percent and reserves requirements ratio was fixed at 8.0 percent. In June, the Central Bank of Mozambique intervened in interbank markets in order to ensure the Monetary Base target of 48,023 million of Meticais.

The annual inflation rate increased to 2.91 percent in May of 2014 from 2.87 percent recorded in the previous month. The inflation rate in May was affected by moderate prices of  fresh food products combined with the stability of Metical.

 Mozambique Monetary Policy Unchanged in June


Isabel Felino | isabel.felino@tradingeconomics.com
6/14/2014 12:21:46 AM