Bank of Botswana holds bank rate steady at 5%

Bank of Botswana governor, Moses Pelaelo
Bank of Botswana governor, Moses Pelaelo

The Bank of Botswana this morning maintained the bank rate at 5%, continuing its push to boost economic activity through accommodative interest rates.

At that level, the bank rate is the lowest on record, according to the central bank’s published data, which dates back to 2004.

The bank rate is the benchmark against which all other interest rates, such as lending and deposit rates, are pegged in the market. For consumers, a review of the bank rate means either cheaper or more expensive loans and loan repayments.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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