Weekly BoBCs kick in amidst concerns

Friday, May 03, 2019

The BoB says more frequent auctions will help clarify in the market PIC: MORERI SEJAKGOMO

The Bank of Botswana (BoB) kicked off weekly auctions of Bank of Botswana Certificates (BoBCs) on Tuesday, brushing aside suggestions that the move could balloon its costs of implementing monetary policy.

Before April 30, the central bank conducted auctions of BoBCs on a 14- and 91-day basis, incurring expenses of P88 million in 2017.

The bank’s BoBC expenses averaged P1.7 billion between 2006 and 2010, raising outrage in economic circles as commentators slammed the BoB for utilising what are essentially taxpayer funds to support commercial banks.

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Weekly BoBCs kick in amidst concerns

The Bank of Botswana (BoB) kicked off weekly auctions of Bank of Botswana Certificates (BoBCs) on Tuesday, brushing aside suggestions that the move could balloon its costs of implementing monetary policy.

42 out of 45 bodies of Limpopo bus crash victims identified

Selefu

Selefu

Civil Society threatens court action over constitution amendment

Fans urged to fill up stadium

Coaches take jabs ahead of derby

A city divided!

Civil Society threatens Masisi with legal action

Routine child vaccination imperative