Browsing: Economy

Economy Mozambique's Ministry of Finance, Maputo © Tom Bowker / Zitamar News
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Mozambique’s credit rating is due to be updated tomorrow by ratings agency Standard & Poor’s, while their counterparts at Moody’s are understood to be in Maputo today, 4 February, holding talks with officials at the ministry of finance.

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

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Economy Bank of Mozambique governor Ernesto Gove and the executive board, November 2015. Photo: Bank of Mozambique
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Central bank shocks observers with 'radical and unprecedented' monetary tightening, aimed at consolidating recent gains made by the metical and curbing inflation
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