Bank of Mozambique wins IMF praise for anchoring inflation as economy takes off

mozambique-maputo
The Mozambican capital, Maputo

The Bank of Mozambique has been commended for its efforts to bring the country's rapid pace of credit expansion back to a more reasonable pace by the IMF, which last week finished a two-week mission to give the country an economic health-check.

The IMF's visit, marking the second review under a three-year Policy Support Instrument (PSI) approved in June 2013, gave the Mozambican economy a glowing report for managing to keep inflation down to 4.2%, which is "likely to stay anchored" despite a "bu

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