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Reference interest rate increases the most in 20 months

The prime rate for credit operations in Mozambique recorded today the highest increase since March 2021, rising from 20.61 PT2T to 22.51 PT2T, announced the Mozambican Association of Banks (AMB). The rate calculated monthly by AMB and the Bank of Mozambique (BM) is based on a single indexer (calculated on the...

“Endividamento interno estimula bancos a manterem taxas de juros elevadas”
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"Domestic debt spurs banks to keep interest rates high"

Economist and researcher Estrela Charles considered today that the Government's option for internal indebtedness encourages banks to maintain high interest rates and to have little appetite for financing businesses and families. "National banking is a banking that is dependent on the state, it is a banking that is at the service of the...

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Reference interest rate rises to 19.1% in May

The reference interest rate for credit operations in Mozambique will rise 50 basis points to 19.1% in May, after seven months without change, the Mozambican Association of Banks (AMB) announced today. The rate calculated by AMB and the Bank of Mozambique is based on a single indexer that increases from 13.3%...

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Reference interest rate remains at 18.6% next month

The Mozambican Association of Banks (AMB) said Friday that the "Prime Rate" reference interest rate will remain at 18.6% for the second consecutive month. The rate calculated by AMB and the Bank of Mozambique (BM) is based on a single index of 13.3% (calculated by the central bank) that remains unchanged and a premium of...