The director of the Bank of Mozambique (BM), Silvina Abreu, admitted today before criticism from business people that the economy may have to "bleed" in the short term because of monetary policy to contain inflation.
"We think that it is necessary to allow a moment, in the short term, when the economy - because of the effects of monetary policy - may be bleeding, let us say, but for a greater good," she said at a meeting with the Confederation of Economic Associations of Mozambique (CTA).
"We are striving so that, afterward, the effect is a reduction in inflation in which all . . .
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