Botswana's rates cut to 14.4%

The Bank of Botswana has cut the country's interest rates by 50 basis points to 14.5%, on the improved outlook for inflation.

The central bank issued a statement on 18 June saying that the reduction in bank rate "reflects the positive outlook for the path of inflation."

However, the central bank acknowledged that there was a likelihood of short-term price volatility due to inflationary pressures in South Africa, where rates are moving in the opposite direction and the targeted CPIX inflation

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