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Bankers decide not to reduce funding costs in Mozambique to maximize profits – Facts

Broadcast United News Desk
Bankers decide not to reduce funding costs in Mozambique to maximize profits – Facts

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Bankers with reduced incomes due to the loosening of monetary policy by the Bank of Mozambique have decided not to reduce interest rates for Mozambicans for the second consecutive month, with commercial bank rates remaining above 20% and microfinance rates exceeding 50%. This…

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