South Sudan's central bank cuts key lending rate to 12% from 15%

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)