Bank Rate unchanged despite inflation breach

No Image

The Bank of Botswana's Monetary Policy Committee (MPC) has once again decided to leave the Bank Rate unchanged despite the ever-increasing inflationary pressures on the economy.

In one of their quarterly meetings held yesterday, the MPC admitted that the current inflation levels are above the Bank's targets, but decided to leave the bank rate at 14.5 percent nonetheless.

"In a meeting held today, the Bank of Botswana Monetary Policy committee decided to maintain the Bank Rate at 14.50 percent," a statement released by BoB's Public Relation Officer Chepete Chepete said yesterday.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

Have a Story? Send Us a tip
arrow up