BoB keeps interest rates steady
Tuesday, June 17, 2014

After a monetary policy committee meeting yesterday, the Bank’s head of communication Andrew Sesinyi announced that the bank rate would be maintained at 7.5 percent. This means commercial banks will also keep their prime lending rates at 9.5 percent.
BoB said in a statement that the current state of the economy, domestic and external economic prospects, and the inflation outlook, suggest that the current monetary policy stance is consistent with maintaining inflation within the Bank’s objective in the medium term.
We duly congratulate them to have ousted the long ruling Botswana Democratic Party (BDP) from power. Prior to taking power from the BDP, the coalition had made several election promises that are credited for influencing change and swaying the people to vote in its favour.The party had made an undertaking, which its leader and President Duma Boko consistently bellowed in his campaign trail. These undertakings were promises that Batswana would be...