Search

Mozambique cuts rate to 10.25% as inflation stays low

Mozambique beautiful pic
Maputo, Mozambique - © Unsplash
  • Domestic debt climbs above 100% of GDP, fuelling concerns over fiscal sustainability
  • Inflation edged up to 4.2% in June from 4.0% in May

 

MAPUTO, MOZAMBIQUE – Mozambique’s central bank has cut its key interest rate by 75 basis points to 10.25%, continuing a monetary easing cycle aimed at supporting growth despite mounting concerns over the country’s rising public debt.

Recent Business

The beach off Matemwe in Zanzibar, Tanzania. Photo by Crispin Jones @ Unsplash
Zanzibar sees 4.9% rise in tourist arrivals despite seasonal dip
Read More »
Morocco @ Pexels
Morocco inflation stays negative in February as weak demand persists
Read More »
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
Toubani Resources begins Mali gold project amid global demand
Read More »

Recent Politics

A soldier in the war front. Photo by Stijn Swinnen @ Unsplash
Kenya halts recruitment into Russia’s war. Who gains and who loses?
Read More »
Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Can Museveni’s leadership and a new funding model rescue East Africa from chronic cash crises?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s 2027 election raises political risk for investors
Read More »

Latest Posts

Latest news insights