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Monetary policy actions speak louder than words
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Monetary policy actions speak louder than words
Good afternoon. Rogério Zandamela wants Mozambique and the wider world to believe that the Mozambican economy remains under control. But the Bank of Mozambique’s latest monetary policy decisions suggest a more fragile picture.The central bank governor this week defended the government’s early repayment of around $700m to the International Monetary Fund — a striking use of scarce foreign exchange at a time of fuel shortages — saying Mozambique’s …
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