'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
We should care more for our infrastructure, road safety

These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...

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