BoB keeps interest rates steady

No Image

The Bank of Botswana (BoB) has maintained the benchmark bank rate unchanged to keep the cost of borrowing stagnant. This move will allow further room for productive lending to an economy faced with constrained growth.

After a monetary policy committee meeting yesterday, the Bank’s head of communication Andrew Sesinyi announced that the bank rate would be maintained at 7.5 percent. This means commercial banks will also keep their prime lending rates at 9.5 percent.

BoB said in a statement that the current state of the economy, domestic and external economic prospects, and the inflation outlook, suggest that the current monetary policy stance is consistent with maintaining inflation within the Bank’s objective in the medium term.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up