Thursday 12, April 2018 by Jessica Combes

Mozambique's central bank cuts key lending rate to 18 percent


Mozambique’s central bank has reduced its benchmark lending rate by 100 basis points to 18 percent, the governor said on Wednesday.

According to Reuters, Governor Rogério Zandamela said the monetary policy committee had also decided to reduce the monetary policy interest rate, or MIMO, by 150 basis point to 16.5 percent.


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