Browsing: RMB

Economy
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Bank of Mozambique warns government borrowing could fuel more inflation

The Bank of Mozambique lowered its benchmark interest rates slightly on Thursday following two months of price deflation, but said further austerity is needed to remove the inflationary threat posed by ballooning internal public borrowing.

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Hidden Debts dossier
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Mozambique defaults again on sovereign bond as IMF visit concludes

The Mozambique government has confirmed that it will not make the second coupon payment on the sovereign bond it sold to investors in April 2016, despite improving economic conditions that bondholders argue could allow Mozambique to start honouring the [...]

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Hidden Debts dossier
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Bondholders say Mozambique should refuse to pay ProIndicus and MAM debts

A group of investors that hold part of Mozambique’s $726.5m sovereign bond today said the Kroll audit into the ProIndicus, EMATUM, and MAM deals provides further evidence that the Mozambique government should refuse to honour the “purported guarantees” of [...]

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Economy
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Bank of Mozambique seen holding rates while opinions differ on metical performance

Analysts agree that the Bank of Mozambique will probably hold interest rates steady at its monetary policy committee meeting on Monday, despite a fall in inflation over the last two months. However, there is no agreement on the prospects for the metical in [...]

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