BoB interest policy receives the thumbs up

An Absa Capital research analyst says the Bank of Botswana's decision to restrain interest rates despite inflation spurts earlier in the year holds the economy in good stead to withstand an anticipated global downturn associated with the recent US downgrade.

BoB has held interest rates steady since December 2010, saying the need to pull the economy back onto its feet with a supportive interest rate regime superseded inflationary threats.

With the impact of the US downgrade already pointing to a slump in the global economy, particularly on commodity prices and depressed demand in developed economies, some experts are already warning of another global recession on the horizon.

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...

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