The Bank of Mozambique raised interest rates again yesterday, despite warnings from the International Monetary Fund (IMF) that its actions have little effect on inflation in Mozambique, which hit 11.6% over the past 12 months. The central lending rate was raised 100 basis points to 10.75%, while business confidence tumbled for the fourth month in…...

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