The reference interest rate in Mozambique will rise by 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 index, calculated by the central bank, which will rise from 13.3% to … Continue reading Reference interest rate in Mozambique to rise to 19.1% in May