Speaking to A Verdade in June, economist Oksana Mandlate said that the Bank of Mozambique’s increasing interest rate “is based on the assumption that inflation is linked to an excess demand in the economy, and aims to slow consumption and domestic investment. But in Mozambique’s case, the economy dependent on imports, and much of the … Continue reading “Increase in interest rates is inconsistent with the objective of controlling inflation” – Mozambican economist