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Botswana Central bank maintains bank rate at 4.75%

Botswana’s central bank on Thursday kept the bank rate unchanged at 4.75 percent as inflation remains under control. The Bank of Botswana’s Monetary Policy Committee (MPC) told the media that the decision has been influenced by positive economic forecast.

“The current state of the economy and the outlook for both domestic and external economic activity suggest that the prevailing monetary policy stance is consistent with inflation being within the objective range of 3 – 6 percent in the medium term,” said Moses Pelaelo, Bank of Botswana governor.

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