Mmegi

Bank liquidity crunch eases but...

Eyes on the market: BoB governor, Cornelius Dekop PIC.PHATSIMO KAPENG
Eyes on the market: BoB governor, Cornelius Dekop PIC.PHATSIMO KAPENG

Local commercial banks experienced relief in their ability to have readily available cash to lend in the month of March, as repatriated pension funds provided a temporary remedy to the long-running liquidity crunch in the capital market.

According to Bank of Botswana (BoB) data, average liquidity in March increased from a shortfall of P305 million to an excess of P764 million, providing a temporary respite to the tight liquidity conditions that have plagued the banking sector for months.

In its most recent monetary policy report, the central bank noted that liquidity pressures had eased down as foreign capital inflows pumped capital into the local banking sector.

Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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