BoB holds bank rate at 5%
Tuesday, February 13, 2018
For consumers, the decision means those with existing bank loans will neither pay more or less than they are currently, for their repayments. For banks, the decision maintains the margins they are currently operating on.
The bank rate, exclusively managed by the BoB, underpins all other interest rates within the market and any adjustment to it affects indicators such as the prime rate, the deposit rate and others.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...