The Bank of Mozambique has decided to maintain its key interest rate, the MIMO rate, at 9.25%. This decision was made by the Monetary Policy Committee, citing ongoing risks and uncertainties. However, the bank will modify the required reserve ratio for banks starting with the next constitution period. The specific changes to the reserve requirements were not detailed in this initial announcement. This move comes as the Bank of Mozambique continues to navigate economic challenges and aims to stabilize the financial system. The decision reflects a cautious approach, balancing the need to control inflation with supporting economic activity in Mozambique. Further details are expected to be released regarding the changes to reserve obligations.