Africa

Mozambique central bank cuts main interest rate to 10.25%

Mozambique's central bank cut its key interest rate to 10.25% from 11.00% in a decision announced on Thursday.

Girls react as they walk past election posters of Mozambique's governing party Frelimo before the presidential elections in Maputo on October 5 2024. File photo.
Girls react as they walk past election posters of Mozambique's governing party Frelimo before the presidential elections in Maputo on October 5 2024. File photo. (REUTERS/Siphiwe Sibeko)

Mozambique's central bank cut its key interest rate to 10.25% from 11.00% in a decision announced on Thursday.

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