JUBA, April 28 (Reuters) - South Sudan's central bank hasslashed its benchmark interest rate by 200 basis points to 13%to help the young African economy cope with the effects of thenovel coronavirus, its governor said on Monday.
"This means commercial banks will find space to reduce thecost of borrowing," Governor Gamal Abdalla Wani told a newsconference in the capital Juba on Monday.
(Reporting by Denis Dumo; writing by Elias Biryabarema; Editingby Catherine Evans) ((Email:elias.biryabarema@thomsonreuters.commailto:elias.biryabarema@thomsonreuters.com; Tel. +254 20 4991232; Reuters Messaging:elias.biryabarema.thomsonreuters.com@reuters.net))
