Mozambique cuts rates again as inflation continues to fall
The central bank of Mozambique cut its benchmark interest rates by 100 basis points to 9.50 percent, its sixth rate cut this year, saying inflation continues to drop and is expected to finish the year below the central bank’s 5.6 percent target.
The Bank of Mozambique (CPMO), which has now slashed its standing lending facility rate by 550 basis points this year, said its Monetary Policy Committee had taken note of the growing global risks and uncertainties, coupled with moderate growth in most developed and emerging economies.
Nevertheless, the central bank said its board had taken into account that economic growth prospects remained positive.
”Despite adverse international environment, the CPMO found that the main economic and financial indicators of the country continue to evolve in line with the macroeconomic program established in 2012,” the central bank said in a statement.
The CPMO said it would also reduce the interest rate on its standing deposit facility (FPD) by 25 basis points to 2.25 percent while the required reserve ratio would remain at 8.0 percent.
It will also intervene in interbank markets to ensure that the monetary base expands to a maximum balance of 39,136 billion meticais by the end of this month.
Mozambique’s inflation rate rose slightly to 1.8 percent in October from 1.55 percent in September while the Gross Domestic Product rose by 0.4 percent in the second quarter from the first quarter, for an annual rate of 8.0 percent, up from 6.3 percent in the first quarter.
www.CentralBankNews.info
2012-11-14 00:22:28
Source: http://www.centralbanknews.info/2012/11/mozambique-cuts-rates-again-as.html
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,708,675,435 |
| Stories: | 8,451,010 |
Whistler Blowers, Insiders
