Scope for another rate cut as Inflation slows

Another interest rates cut by the Bank of Botswana (BoB) is likely as inflation figures this week fell to single digits, for the first time in 14 months.

On Monday, the Central Statistics Office (CSO) reported that annual inflation for the month of May fell from 10.2 percent to 8.4 percent. The last time annual inflation figures was under 10 percent was in March 2008 when it stood at 9.8 percent.

In line with falling inflationary pressures and the need to support economic activity, the central bank has cut the bank rate three times since December and commercial bank made corresponding cuts.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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