Banking / Investment in Botswana
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BOTSWANA, 2013/12/12
Botswana’s central bank on Tuesday slashed the country’s bank rate by a 50 basis point to 7.5% in a bid to stimulate economic increase and avert the growing unemployment figures in the country.
“The current national of the economy, in which unemployment remains high alongside below-trend economic activity, suggests scope for monetary policy easing to stimulate stronger output increase,” said the Bank of Botswana (BoB) Monetary Policy Committee.
“Accordingly, the Monetary Policy Committee decided to reduce the Bank Rate by half a % to 7.5 %.”
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BOTSWANA, 2013/11/27
Reduction in the bank rate is intended to promote higher rate of economic increase and employment creation through an increase in request and investment .
The Minister of Finance and Development Planning, Mr Kenneth Matambo told Parliament on November 21 that a change in the bank rate signals direction of monetary policy, based on Bank of Botswa...na's assessment of the outlook for inflation and economic performance
Reduction in the bank rate is intended to promote higher rate of economic increase and employment creation through an increase in request and investment .
