The Bank of Mozambique’s monetary policy committee (CPMO) yesterday kept its central lending and deposit rates steady, in the face of uncertainty over what effect the coming electoral cycle will have on inflation. The central lending rate stays at 18%, having been kept at that level at the CPMO’s last meeting in June as well…....

Bank of Mozambique governor Rogerio Zandamela announcing the latest monetary policy decisions on 30 August 2018. Photo: Bank of Mozambique