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Mozambican Central Bank maintains monetary policy rate at 17.25%

"This decision is supported by the maintenance of the outlook for single-digit inflation in the medium term, despite the materialization and worsening of some risks," the Monetary Policy Committee (CPMO) said in a statement.

Among the risks are "the occurrence of natural disasters and increased pressure on public spending."

Inflation accelerated from 9.78% to 10.3% in February, "mainly reflecting the increase in food prices" due to floods and the "increase in prices of administered goods and services."

But the CPMO stressed that "underlying inflation, which excludes fruits and vegetables and managed goods, remained stable."

The Central Bank . . .

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