Mozambican central bank balances food import pressures with domestic industry concerns

mozambique-maputo
Maputo, Mozambique

Mozambique's central bank on Friday decided to hold rates steady in the face of accusations that it continues to maintain an over-valued currency vis-à-vis its biggest trading partner and neighbour, South Africa, to keep down the prices of imported goods in the capital, Maputo.

The Mozambican metical has, like many emerging market currencies, fallen sharply against the US dollar since the start of the year, which the central bank attributes to more than the growing strength of the American curre

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: