Thursday, April 9, 2015

Botswana maintains rate, inflation to remain in target

    Botswana's central bank maintained its benchmark Bank Rate at 6.5 percent, noting the "positive outlook that is expected to keep inflation within the Bank's 3-6 percent inflation objective in the medium term."
    The Bank of Botswana cut its rate in February by 100 basis points, citing an economic outlook and inflation forecast that provided scope to ease its monetary policy stance.
    Botswana's consumer price inflation rate eased to 2.82 percent in February from 3.6 percent the prior month, the sixth consecutive month of declining inflation despite a 5 percent increase in the alcohol levy in December.


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