BoB leans towards looser rate stance

Friday, February 23, 2024 | 340 Views |

New broom: Dekop says the bank will continue its accommodative monetary policy stance this year PIC: PHATSIMO KAPENG

The Bank of Botswana will continue an accommodative monetary policy stance this year, indicating that it will look for opportunities to lower interest rates to support economic activity, BusinessWeek has learnt.

The central bank has generally maintained an accommodative monetary policy stance for years, only breaking the trend in 2022 when 14-year high inflation forced interest rate hikes of 151 basis points.

The looser monetary policy stance is aimed at encouraging more private sector spending through lower interest rates, which in turn perks up economic activity such as job creation.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Bank of Botswana

Selefu

joey kambai | 10 h ago

World Athletics Championships coming to Africa

Calistus Kolantsho | 12 h ago

Man fatally burns in Selebi-Phikwe house fire

Pini Bothoko | 14 h ago

Man carrying baby dies whilst crossing Taung road

Pini Bothoko | 14 h ago

Young girl perishes in Ledumadumane collision

Pini Bothoko | 14 h ago

Driver dies in Gabane head-on collision

Pini Bothoko | 14 h ago

Young woman dies in Metsimotlhabe crash

Pini Bothoko | 14 h ago

Castle Lite, Let's Pacers team up to unlock Botswana

staff writer | 14 h ago

The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Mmegi Editor | 11 September 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

BoB leans towards looser rate stance

The Bank of Botswana will continue an accommodative monetary policy stance this year, indicating that it will look for opportunities to lower interest rates to support economic activity, BusinessWeek has learnt.

Explore

More

Selefu

World Athletics Championships coming to Africa

Man fatally burns in Selebi-Phikwe house fire

Man carrying baby dies whilst crossing Taung road

Young girl perishes in Ledumadumane collision

Driver dies in Gabane head-on collision

Young woman dies in Metsimotlhabe crash

Castle Lite, Let's Pacers team up to unlock Botswana

The Boko-led administration has to tread carefully