Bank of Mozambique maintains benchmark interest rates unchanged

15 November 2013

The Banco de Moçambique has decided to maintain unchanged the market’s main benchmark interest rates, leaving the marginal lending facility at 8.25 percent, Mozambique’s central bank announced on Thursday.

Besides holding the deposit facility interest rate at 1.5 percent and the required reserve ratio at 8.0 percent, the Monetary Policy Committee decided to intervene in the interbank market to guarantee that the circulating money supply does not surpass 45.893 billion meticais at the end of this November.

During the same session the committee analysed economic and financial information concerning September and October, as well as latest developments this month for some indicators. (macauhub)