Bank of Botswana delivers first rate cut since 2010


The Bank of Botswana slashed its benchmark interest rate by 50 basis points to 9% yesterday, the first change in almost two and a half years.

The cut is intended to "reignite" the country's "below potential" output growth and rein in the high unemployment rate, which IMF estimates put at 3.8% and 18% respectively.

However, inflation increased to 7.6% in March, up from 7.5% in February and the latest peak in a steady upward trend since September.

Prices have increased at above the central bank's

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: