mmegi

No interest rate cuts soon despite inflation drop

Monday, June 26, 2023 | 260 Views |

Making decisions: The central bank is responsible for monetary policy management PIC: MORERI SEJAKGOMO

The Bank of Botswana (BoB) does not envisage cutting interest rates anytime soon, despite projections of cooling inflation, with executives arguing that numerous threats to the forecasts persist.

The central bank raised interest rates three times last year, by a collective 151 basis points as it fought escalating inflation which peaked at 14-year highs in August. However, since then, inflation has been falling – largely due to lower fuel prices and base effects – and in May, dropped to a two-year low at 5.7 percent.

The BoB last week said it expects inflation to remain within the three to six percent objective range going into the medium term. The central bank had previously expected inflation to revert on a sustained basis to the objective range from the second quarter of 2024.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Human rights are sacred

Mmegi Editor | 2d ago

Bakgatla Ba Kgafela celebrate as Kgosi Kgafela’s charges are dropped

Larona Makhaiza | 2d ago

First Lady's office hosts second annual thanks giving ceremony

Opelo Rakereng | 2d ago

PSLE performance on upward trend

Pini Bothoko | 2d ago

Bona Life tee-off Maruapula Loxion Golf journey

Calistus Kolantsho | 2d ago

Cops arrest young man, seize dagga in Metsimotlhabe

Pini Bothoko | 09 Dec 2025

Second Mogoditshane rape attack in two weeks

Pini Bothoko | 09 Dec 2025

Suspected suicide behind Sir Seretse Khama Barracks

Pini Bothoko | 09 Dec 2025

Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

Mmegi Editor | 12 December 2025

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

No interest rate cuts soon despite inflation drop

The Bank of Botswana (BoB) does not envisage cutting interest rates anytime soon, despite projections of cooling inflation, with executives arguing that numerous threats to the forecasts persist.

Human rights are sacred

Bakgatla Ba Kgafela celebrate as Kgosi Kgafela’s charges are dropped

First Lady's office hosts second annual thanks giving ceremony

PSLE performance on upward trend

Bona Life tee-off Maruapula Loxion Golf journey

Cops arrest young man, seize dagga in Metsimotlhabe

Second Mogoditshane rape attack in two weeks

Suspected suicide behind Sir Seretse Khama Barracks

Human rights are sacred