Bank Of Botswana Holds Bank Rate At 9.50%
The Bank of Botswana’s Monetary Policy Committee held the benchmark interest rate unchanged at 9.50%. The Bank said: “While short-term price developments have resulted in inflation remaining above the objective range of 3 – 6 percent, the medium-term outlook for consumer prices is more encouraging. As a result, the Committee judged that maintaining the Bank Rate at [...]
The Bank of Botswana’s Monetary Policy Committee held the benchmark interest rate unchanged at 9.50%. The Bank said: “While short-term price developments have resulted in inflation remaining above the objective range of 3 – 6 percent, the medium-term outlook for consumer prices is more encouraging. As a result, the Committee judged that maintaining the Bank Rate at the current level is consistent with inflation converging on the objective range in the medium term.”
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