Interest rates sink to 25-year low
Thursday, February 19, 2015
![No Image](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2015/february/19/php2AF7.tmp.jpg&w=400&q=72&f=jpg)
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.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...