Central Africa’s central bank cuts rate as growth slows

YAOUNDE (Reuters) – The central bank of the six-nation Central African CEMAC zone has cut its prime lending rate by 25 basis points to 3.25 percent to help spur the economy as it revised down its 2013 growth forecast to 2.6 percent from 4.1 percent. The bank’s governor, Lucas Abaga Nchama, said in a statement […] The