Latest news with #SfundoParakozov
Zawya
3 days ago
- Business
- Zawya
Mozambique central bank cuts main interest rate to 11%
Mozambique's central bank cut its main interest rate to 11.00% from 11.75% in a decision announced on Friday. The Bank of Mozambique has now lowered its main lending rate for nine policy meetings in a row. The Southern African country's annual inflation rate slowed to 3.99% in April from 4.77% in March, reversing a trend where inflation had been on the rise since October's disputed election. (Reporting by Custodio Cossa; Writing by Sfundo Parakozov; Editing by Alison Williams and Joe Bavier)
Zawya
05-05-2025
- Business
- Zawya
South Africa records budget deficit of $704mln in March
South Africa recorded a budget deficit of R13.11bn ($704m) in March 2025. This is compared with a surplus of R3.36bn in the same month last year, National Treasury data showed on Wednesday, 7 May 2025. All rights reserved. © 2022. Provided by SyndiGate Media Inc. ( Sfundo Parakozov
