(Reuters) -Mozambique’s central financial institution minimize its important rate of interest by 75 foundation factors on Wednesday, the sixth minimize in a row, as inflation stays subdued within the southern African nation.
Mozambique’s MIMO rate of interest was decreased to 12.75% from 13.50%.
Inflation in Mozambique has remained under 3% since July, coming in at 2.68% 12 months on 12 months in October.
The Financial institution of Mozambique stated in an announcement that its newest financial coverage resolution was in keeping with protecting inflation in single digits within the medium time period, regardless of uncertainties linked to post-election protests and their influence on costs of products and companies.
