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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.

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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.

BCP eyes student vote revival

UB politics shapes future leaders

DIS officers seek tribunal authority over Magosi

DIS officers reject Magosi’s defence over P7.4m payout

DIS in P 1.5m employees money theft accusation

Botswana bets on gas mining boost for flagging economy

Mupane creditors grow uneasy as appeal drags on

UDC NEC to reconvene post leadership changes

Botswana must not be a flag of convenience for rogues