BoB cuts rate to spur weak credit growth
Friday, August 07, 2015
With credit growth currently at a four-year low due, in part, to tight liquidity in the market, a Monetary Policy Committee (MPC) meeting held yesterday decided to reduce the cost of borrowing to drive spending by both businesses and households.
“The current state of the economy as well as the domestic and external economic outlook, including the inflation forecast, suggest that easing monetary policy is a step in the right direction; it would be consistent with maintaining inflation within the Bank’s medium-term objective range of 3 – 6 percent.
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...