The governor of the Bank of Mozambique (BdM), Rogério Zandamela, assures that liquidity in the financial system is sufficient, following the reduction in the coefficients decided in January.

Speaking this Wednesday (26) after the meeting of the Monetary Policy Committee (CPMO), which decided to reduce the MIMO monetary policy interest rate from 12.25% to 11.75%, Rogério Zandamela said that there were no plans to change the compulsory reserve coefficients again for the time being.

"We're calm about the level of liquidity that exists in the system, there's no need to touch structural liquidity, messing with the mandatory reserves. We're going to maintain it. The coefficients are not something to be trifled with," Zandamela reiterated.

The last change to the compulsory reserve coefficients took place in January, cutting the coefficients in national currency from 39.0% to 29.0% and in foreign currency from 39.50% to 29.50%, with the aim of supporting the economy in restoring productive capacity and the supply of goods and services.

(Photo DR)