The Bank of Mozambique’s monetary policy committee decided to leave its benchmark interest rates unchanged on Friday, to ‘consolidate the gains’ of the sharp measures it took at the end of 2015 aimed at stabilising the value of the metical and curbing inflation. Despite inflation hitting double digits 2015, versus a target of 5.6%, the…...

Bank of Mozambique governor Ernesto Gove and the executive board, November 2015. Photo: Bank of Mozambique