Reuters logo
Mozambique cuts key lending rate to 22 percent on falling inflation
October 26, 2017 / 3:45 PM / a month ago

Mozambique cuts key lending rate to 22 percent on falling inflation

MAPUTO, Oct 26 (Reuters) - Mozambique’s central bank reduced its benchmark lending rate by 50 basis points to 22 percent, the regulator’s website showed on Thursday.

The Bank of Mozambique said its monetary policy committee had also decided to reduce the monetary policy interest rate, or MIMO, by 50 basis points to 21 percent.

The bank said slowing consumer price-growth, which fell to 10.76 percent year on year in September from 14.13 percent in August, was the key factor in the decision to lower rates. (Writing by Mfuneko Toyana; Editing by James Macharia)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below