February 26, 2018 / 2:49 PM / 3 months ago

Mozambique's cuts key lending rate by 150 bps to 19 pct

MAPUTO, Feb 26 (Reuters) - Mozambique’s central bank reduced its benchmark lending rate by 150 basis points to 19 percent on Monday.

The central also said its monetary policy committee had also decided to reduce the monetary policy interest rate, or MIMO, by the same margin to 18 percent. (Reporting by Manuel Mucari; Editing by James Macharia)

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