Advertisement

Interest rates remaining unchanged

The Bank of Botswana’s monetary policy committee is unlikely to cut interest rates when it meets at the end of the month despite inflation falling to the lowest rate in 42 years, analysts believe.

The December headline inflation fell to 3.8 percent last week, providing scope for further lowering of interest under the central bank accommodative monetary policy stance.

However, analysts believe the recent inflation rate fall is primarily pushed by the temporary drop in fuel prices, and does not signify any easing of underlying inflationary pressures.

Advertisement
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...

Have a Story? Send Us a tip
arrow up