BOB makes first bank rate cut in a year

Monday, December 20, 2010

The Bank of Botswana's Monetary Policy Committee (MPC) has reduced the bank rate by 50 basis points to 9.5 percent on the back of a favourable inflation outlook and subdued domestic demand.

The rate cut, which came just a day after the Central Statistics Office announced that November inflation had remained unchanged at 7.2 percent, marks the first time the policy rate has fallen to single digits in over three years.

The bank last cut rates in December 2009. The latest cut, which was made last week, means rates have fallen by 550 basis points since December 2008.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Thatayothe Ditlhokwe returns to the pitch

Ditlhokwe returns after long term injury

Larona Makhaiza | 5 h ago

Gov’t limits Limpopo crash victims’ burial attendance

Boikanyo Mathonsi | 6 h ago

Champagne time for Young Stars?

Boitumelo Khutsafalo | 10 h ago

Botswana editors forum calls for greater inclusivity and consultation

Correspondent | 10 h ago

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

Staff Writer | 2d ago

MISA Botswana celebrates World Press Freedom day

Staff Writer | 2d ago

Unlawful wounding turns to murder

Sharon Mathala | 2d ago

Mahalapye suspected copper cable thief nabbed

Pini Bothoko | 2d ago

Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

The Monitor Editor | 29 April 2024

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.

Explore

More