MAPUTO (Reuters) -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)
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