Mozambique’s Central Bank warns of increasing domestic debt, now at 320.6 billion meticais, roughly $5.02 billion. This significant rise, an 8.3 billion meticais jump since December 2023, raises concerns. Governor Rogério Zandamela brought this up after a policy meeting. Then, officials reduced the MIMO rate from 17.25% to 16.50% to keep inflation below 10%. Zandamela […]
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