Bank of Botswana maintained Bank Rate at 5.5 percent
24 August 2017
Bank of Botswana's Monetary Policy Committee (MPC) has maintained the Bank Rate at 5.5 percent at a meeting held on the 22 August 2017. The outlook for price stability remains positive and inflation is forecast to be low and close to the lower bound of the Bank's lower bound of the 3-6 percent objective range. Monetary Policy is also aligned with the need to safeguard financial stability, thus, supporting the banks' ability to expand credit provision.