Browsing: RMB

Economy The Bank of Mozambique. Photo © Timothy Haccius / Zitamar News
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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 Mozambique's Ministry of Finance, Maputo © Tom Bowker / Zitamar News
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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 Mozambique's Ministry of Finance, Maputo © Tom Bowker / Zitamar News
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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 The Bank of Mozambique's Monetary Policy Committee press conference in December 2016. Photo © Alexandre Nhampossa / Zitamar News
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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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