Mozambique Central Bank Raises Rate to Highest Since 2012
- Policy makers concerned about inflation, commodity slump
- Government has agreed has turned to IMF for $286 million loan
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Mozambique’s central bank raised its benchmark policy rate to the highest in three years to help curb inflation.
Policy makers increased the rate by 1.5 percentage points to 9.75 percent, the Maputo-based institution said in an e-mailed statement on Monday.