Mozambique’s New Central Bank Chief Holds Rates to Assess Risks

Mozambique's central bank has decided to maintain its benchmark interest rate for the fourth time in a row amid rising concerns about inflation and economic growth. The new central bank chief is taking a cautious approach to assess these risks carefully. This decision comes at a critical time for the country's economy, which has been under pressure due to fluctuating inflation rates and slower growth. By holding rates, the central bank aims to stabilize the economy while monitoring these ongoing risks closely.