The Poverty maker of Mozambique

Bank of Mozambique
exacerbates market reference
interest rates in the country.

The measure aims to ensure macroeconomic stability in Mozambique.The Bank of Mozambique has risen to 8.25 percent interest rate on marginal lending facility liquidity.

This rate concerns the acquisition of liquidity of commercial banks with the Central Bank.The interest rate facility deposits related to the control of inflation by the Bank of Mozambique, was increased by 75 basis points to stand currently two point seventy- five percent.

The Bank of Mozambique has decided to increase interest rates during the last meeting of the Monetary Policy Committee held yesterday in Maputo.The meeting aimed to analyze the inflation projections and the risks of domestic and international situation.

The central bank also decided to
intervene in the interbank market to ensure that the money supply does not exceed 66,437,5 billion meticais in late
November current.