The monthly rate calculated by the AMB and the Bank of Mozambique (WB) is based on a single indexer (calculated by the central bank), which rose to 17.2%, and a cost premium of 5.3% (determined by the AMB), which remains unchanged. .
This is the third increase this year: in May, the ‘prime rate’ was increased by 50 basis points and in June it increased by 150.
You have to go back to March 2021 to find a steeper rise than today.
At the time, the devaluation of the medical and economic risks associated with Covid-19, cyclones and armed violence caused . . .
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