Local business prefer offshore debt

The findings are specific to their views for the second half of 2014 and the 12-month period to June 2015. The Bank said there is, however, some anticipation of lower interest rates in Botswana in the second half and 12-months period to June 2015. Expectations of lower borrowing costs in the domestic market could be due to the reduction of the Bank rate from eight percent to 7.5 percent in the months prior to the March survey period, together with continued low prevailing rates of inflation, the Bank said.