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Mozambique central bank leaves policy rate unchanged

BY Reuters | ECONOMIC | 03/23/26 10:20 AM EDT

March 23 (Reuters) - Mozambique's central bank left its main interest rate unchanged at 9.25% in a decision announced on Monday.

The Bank of Mozambique said at its last rate-setting meeting in January that it was nearing the end of an easing cycle.

At the time the Southern African country was reeling from severe floods, and the U.S.-Israel war against Iran has further ratcheted up risks to the economic outlook.

Annual inflation stood at 3.20% in February, up slightly from 3.04% in January. (Reporting by Custodio Cossa, Manuel Mucari and Sfundo Parakozov; Additional reporting and writing by Anathi Madubela; Editing by Alexander Winning)

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