Interest rates unchanged

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The Bank of Botswana last week decided to keep interest rates unchanged, a development that will be good news for borrowers.

In a statement released after a Monetary Policy Committee (MPC) meeting, the central bank announced on Friday that the bank rate would be maintained at 7.5 percent.

The bank said the current state of the economy, domestic and external economic prospects as well as the inflation outlook suggest that the current policy stance is consistent with maintaining inflation within the Bank’s objective in the medium term.

Editor's Comment
Justice served, but healing must follow

His horrific actions, betraying the trust placed in him to protect children have rightly been met with the full force of the law. Whilst we commend the court’s decision, this case forces us to confront uncomfortable truths about safeguarding our children and the lifelong scars such abuse leaves.Magistrate Kefilwe Resheng’s firm sentencing sends a powerful message that those who harm children will face severe consequences. Her words rightly...

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