The consultant Fitch Solutions predicts that the Bank of Mozambique will maintain the reference interest rate at 17.25 percent over the next year, sustained by economic growth of 6 .5 percent and a 3.1 percent appreciation of the metical. reference, known as MIMO. “We anticipate that the slowdown in price growth will limit the central bank’s impetus to raise the rate, and that strong economic growth will discourage a rate cut”, write the analysts in the commentary sent to investors, as referred to Lusa.No In the report, Fitch Solutions also writes that the metical should continue to trade in the same band of 63 to 64 meticais per dollar in the coming weeks, ending at 63.70 meticais per dollar at the end of the year.Read more… Source:Jornal Notícias
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