FNBB sticks with cautious approach to credit
Friday, September 06, 2019
The Bank of Botswana cut credit interest rates in the local market by 0.25% last week, citing the elbowroom created by months of low inflation and the need to boost the economy.
The rate cut was the first since October 2017 and marks the lowest the bank rate has fallen in recent history. A cut in the bank rate is associated with cheaper loans and repayments, the resultant credit uptake leading to improved economy activity amongst businesses and greater demand by households.
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...