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Mozambican reference interest rate records largest rise in 20 months

The rate calculated monthly by AMB and the Bank of Mozambique (BM) is based on a single indexer (calculated by the central bank), which rose to 17.2%, and a cost premium of 5.3% (defined by AMB), which remains unchanged.

This is the third rise this year: in May, the 'prime rate' had risen by 50 basis points, and in June, it increased by 150.

You must return to March 2021 to find a steeper rise than today.

At that time, the depreciation of the metical and the economic risks associated with Covid-19, cyclones, and armed violence caused . . .

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