Bank lowers rate to 15.75% from 16.5% as inflation at 2020-low Currency stability has helped price-growth to cool to 4% Mozambique’s central bank became the first in Africa this year to reduce its benchmark lending rate at successive meetings, after consumer inflation slowed to an almost four-year low. The Banco de Moçambique cut the gauge … Continue reading Mozambique becomes first in Africa to cut rates twice in 2024 – Bloomberg