BoB decides to keep interest rates steady

BoB's Public Relations Officer, Chepete Chepete, says in a statement that while current inflation levels are still relatively high and out of the central bank's 3 to 6 percent target, optimism that inflationary pressures will ease off as the new year approaches has influenced BoB not to adjust their Bank Rate for now.

"At (a) meeting held today (Tuesday), the Bank of Botswana's Monetary Policy
Committee (MPC) decided to maintain the Bank Rate at 15.5 percent," says the statement.