Tuesday, April 26, 2011

Botswana Central Bank Holds Bank Rate at 9.5%

The Monetary Policy Committee of the Bank of Botswana announced the bank rate would remain unchanged at 9.5%.  The Bank said: "The latest forecast, therefore, indicates that inflation will converge to the 3 - 6 percent medium- term objective range in the second half of 2012."  Botswana recorded inflation of 8.5% in both March and February, up from 7.9% in January, and above the central bank's target, according to the Bank.



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