Interest rates sink to 25-year low

Thursday, February 19, 2015

Bank of Botswana (BoB) yesterday cut the bank rate by a percentage point to a 25-year low of 6.5 percent in line with falling inflation and the growing need to spur productive lending.

The rate cut will come as a boon for borrowers as commercial banks are expected to reduce their lending rates by a similar margin, taking the prime-lending rate down to eight percent.

In the prevailing period of static real incomes, the central bank’s move will also boost the welfare of the general consumer as it comes a week after fuel prices were reduced for the second time in as many months.

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Interest rates sink to 25-year low

Bank of Botswana (BoB) yesterday cut the bank rate by a percentage point to a 25-year low of 6.5 percent in line with falling inflation and the growing need to spur productive lending.

Rollers, Orapa brace for two-part sequel

Stanbic pretax profits up 11%

The audacity to be a unicorn

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Civil Society calls for Constitution review governing Act

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Motshegwa prevails against detractors

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