Could interest rates be raised for the first time in 14 years?
Friday, February 04, 2022 | 5480 Views |
Local asset management firm, African Alliance, believes interest rates could rise by as much as 100 basis points this year, the equivalent of one percentage point, a major jump particularly given that the central bank has been lowering interest rates gradually since as far back as 2008.
“Our house view is for 50bps to 100bps in rate increases this year and this is informed by the BoB’s December Monetary Policy Report where the bank indicated that it expects inflation to average 10.4% in the first quarter of 2022, which will likely force the bank’s hand,” says Nlume Modise, chief investment officer at African Alliance Asset Management.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...