Mozambique’s Central Bank cuts interest rate to 12.75%
The Monetary Policy Committee (CPMO) of the Bank of Mozambique announced on November 27 a reduction in the monetary policy interest rate, known as the […]
Bank of Mozambique
Mozambique: The Central Bank appoints resident inspectors for two Mozambican banks
The Bank of Mozambique has appointed resident inspectors to oversee the operations of Banco Comercial e de Investimentos (BCI) and Standard Bank, ensuring that all […]
Bank of Mozambique Revokes Penalties for Non-Compliance with Reserve Requirements
The Bank of Mozambique (BdM) has revoked the penalty that led to the blocking of accounts for financial institutions that incurred a deficit in the […]
Money circulating in Mozambique increased by more than 10% at the end of the year
Physical money circulating in Mozambique increased by 10.6% in the space of a month, closing December 2023 at 78,270 million meticais (1,117 million euros), according […]
Mozambique’s bank reserves set a new record in November 2023
The volume of Mozambican bank reserves hit a new record in November 2023, reaching 245,527 million meticais (3,513 million euros), as a result of the […]
Mozambican central bank fines Caixa’s BCI almost 2 million
This year, the Bank of Mozambique imposed a fine of 134.9 million meticais (1.9 million euros) on Caixa Geral de Depósitos’ Banco Comercial e de […]
Governor of the Bank of Mozambique says restrictive policy has eased inflation
The governor of the Bank of Mozambique said on Wednesday November 1st that the current slowdown in inflation was the result of the “restrictive monetary […]
Central Bank keeps interest rate in Mozambique at 17.25%
The Monetary Policy Committee (CPMO) of the Bank of Mozambique decided on Wednesday July 26 to maintain the monetary policy interest rate, called MIMO, at […]
Reserves of the Bank of Mozambique are at their “limit’’
Mozambican economists said Tuesday that the Central bank’s decision to stop co-paying the fuel import bill is a sign that its reserves are at their […]
Mozambican government goes to parliament to answer on State companies and central bank
The Mozambican government will go to parliament on Wednesday and Thursday to answer questions from members of parliament about the interventions in the state-owned companies […]