Mozambique cuts key lending rate to 22.5 percent

Mozambique cuts key lending rate to 22.5 percent
MAPUTO (Reuters) - Mozambique's central bank reduced its benchmark lending rate by 25 basis points to 22.5 percent, the regulator's website showed on Friday.

The Bank of Mozambique said falling consumer price inflation and a firmer currency against the dollar had prompted the decision to reduce rates.

(Reporting by Manuel Mucari; Writing by Mfuneko Toyana; Editing by James Macharia)

2017-08-11 11:57:01

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