JUBA (Reuters) – South Sudan’s central bank has cut its benchmark lending rate to 12% for 2022, from 15% in last year, its Governor Moses Makur Deng said on Tuesday.
“The BoSS (Bank of South Sudan) has revised down the Central Bank Rate … intended to reduce the overall cost of financing extended to private sector by banks and other financial institutions,” he said in a statement.
(Reporting by Denis Dumo; Writing by George Obulutsa; Editing by Alex Richardson)
