The Bank of Mozambique decided Thursday to keep the policy interest rate at 13.35 due to the prevalence of inflation risks and uncertainties.

According to the Monetary Policy Committee (CPMO) of the Bank of Mozambique, the risks are "mainly those arising from rising prices of food and liquid fuels, as well as constraints in the supply chain of goods in the international market."

Meanwhile, the CPMO finds that year-on-year inflation stood at 6.4% during October, keeping "core inflation" unchanged, which excludes the prices of managed goods and services and fruits and vegetables.