'Bank rate increase to curtail credit growth'
Friday, June 06, 2008
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.
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...