PHOTO
The sun rises as fishermen set out for the day in Pemba, Mozambique, July 10, 2018. Picture taken July 10, 2018. REUTERS/Mike Hutchings TPX IMAGES OF THE DAY - RC1C8E2C89A0
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)
