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[Mozambique News Reports And Clippings] The base interest rate was raised from 15.25% to 17.25% by the Bank of Mozambique (BdM) on 30 September. The Association of Mozambican Banks (AMB) said it would maintain the prime rate, the interest charged by banks to good customers, at 20.6%. (O Pais 7 Oct) Compared to an inflation rate of 12.1%, this gives the banks a profit of 8.5%, and makes borrowing too expensive for most businesses.
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