The Bank of Mozambique, aiming to stabilize the economy, has reduced its MIMO interest rate from 17.25% to 16.50%. This decision, made during the bank’s first regular Maputo meeting, reflects efforts to maintain single-digit inflation. The move is vital for the country’s economic stability and growth. In December 2023, the annual inflation rate dipped to […]
Related Posts
Ibovespa Starts Week Lower, Blue Chips Weigh Down
The Ibovespa (IBOV) experienced a downturn at the start of the week, declining by 0.65% to 128,340.54 points, mainly due to the slump in blue-chip stocks. This movement comes as market participants await insights from Federal Reserve Chair Jerome Powell, who is scheduled to speak to the US Congress. Anticipated remarks may offer clues on […]
Chinese humanoid robot could be the future of affordable in-home care
Did you know that the average annual cost of in-home care in the U.S. has now surpassed $60,000? It’s a staggering figure that’s leaving many families scrambling for alternatives. But what if I told you that an unlikely solution might be just around the corner? Enter the world of humanoid robots. Chinese company Fourier Intelligence’s latest […]
Argentina Unveils New 10,000-Peso Banknote to Combat Inflation
Argentina’s Central Bank (BCRA) introduced the new 10,000-peso banknote and is distributing it nationwide via banks and ATMs. This note showcases Manuel Belgrano and María Remedios del Valle, a hero from Argentina’s War of Independence. Consequently, it aims to improve financial transactions and make banking logistics more efficient. Later this year, the BCRA will also […]