Interest rates unchanged

Monday, September 29, 2014

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.

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Interest rates unchanged

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