'Bank rate increase to curtail credit growth'

Last week's bank rate increase by the Bank of Botswana's (BoB) Monetary Policy Committee should be effective in cutting down inflationary pressures, renowned economist Dr Keith Jefferis has said.

After sticking to their guns for a while, BoB last week finally raised the bank rate from 14.5 percent to 15 percent as a counter inflationary measure.

This followed a seven-month rally of the annual inflation figure rising from 6.8 percent in September 2007 to 11.1 percent in April this year.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

Have a Story? Send Us a tip
arrow up