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BoB leans towards ‘looser’ interest rate policy

Setting trends: Dekop PIC.PHATSIMO KAPENG
Setting trends: Dekop PIC.PHATSIMO KAPENG

The Bank of Botswana (BoB) will continue with its accommodative monetary policy stance this year, which suggests that it will seek space to reduce interest rates in order to boost economic activity.

The accommodative monetary policy stance is made possible by the Bank’s projections that inflation this year will trend either below or within the three to six percent objective range.

“Inflation is expected to remain within the medium-term objective range and inflation expectations are well-anchored, while the economy is expected to operate below capacity in the short term,” governor, Cornelius Dekop said yesterday morning.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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