Increased dollar reserve requirement aims to keep metical steady following liberalisation of FX rules Continued improvements in Mozambique’s inflation outlook led the central bank to cut its benchmark [...]
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.
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 [...]
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 [...]
The Bank of Mozambique yesterday lowered its benchmark lending rate by half a percentage point to 22.75%, and set its new monetary policy rate, which targets interbank lending rates, at 21.75%. The Mozambique [...]
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 [...]