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Mozambique’s central bank cuts key lending rate to 18 percent
7:03 CAT | 11 Apr 2018
File photo / Rogério Zandamela
Mozambique’s central bank reduced its benchmark lending rate by 100 basis points to 18 percent, the governor said on Wednesday.
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.
Source: Reuters
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