Erne
sto Gove has been appointed governor of Mozambique's central
bank, replacing Adriano Maleiane, the Bank of Mozambique said in a
statement.
Gove, a 49-year-old former deputy governor, takes over with
immediate effect after Maleiane served three five-year terms as
head of the bank, the Maputo-based bank said in an e-mailed
statement today. Gove was appointed by Mozambican President Armando
Guebuza, it added.
“No significant change in policy is expected,” it
said.
“The bank will continue its restrictive monetary policy to
keep inflation under control in compliance with government
directives.”
“Mozambique's central bank is targeting an annual inflation
rate of between 7% and 8% this year compared with 14% last year.
The southern African country's annual inflation rate slowed to
4,58% in June from 4,77% in May, the bank said July 12..
Edited by: Bloomberg
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