Good morning – with apologies for the late sending of yesterday's newsletter, here. Look out later on today for today's Daily, and our Week in Review.
Relief may be on the way for the beleaguered Mozambican economy, with the International Monetary Fund (IMF) recommending that monetary policy can now be loosened, given the Bank of Mozambique’s success in bringing inflation under control.
The latest from Zitamar News:
From the Zitamar Live Blog:
Indeed, the central bank has been more successful than the IMF had hoped, with inflation falling below the bottom of the IMF’s target range of 6-12% per year. It fell below 6% in June last year, on the IMF’s figures, and at the end of last year the fund was expecting annual inflation for 2023 to be around 4%.