Mozambique Extends Record Rate-Cutting Streak as Inflation Cools
Mozambique's central bank lowered its benchmark interest rate for a record 9th consecutive time, with inflation set to remain in the single digits.
The Banco de Moçambique cut the rate — known by its Portuguese acronym of Mimo — to 11% from 11.75%, Governor Rogerio Zandamela said.
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Mozambique Extends Record Rate-Cutting Streak as Inflation Cools
Mozambique's central bank lowered its benchmark interest rate for a record 9th consecutive time, with inflation set to remain in the single digits. The Banco de Moçambique cut the rate — known by its Portuguese acronym of Mimo — to 11% from 11.75%, Governor Rogerio Zandamela said.
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