Botswana’s Central Bank Holds Interest Rate Steady

6 December, 2024

CNBCAfrica reports that Botswana’s central bank has decided to keep its main lending rate at 1.90% on Thursday, citing expectations that the economy will remain below capacity and not generate inflationary pressures due to a downturn in the global diamond market. This marks the second consecutive meeting where the rate has been left unchanged. The rate is applied through a seven-day instrument.

Written by: Leonard Witbeen

1.90% Botswana central bank Botswana Economy central bank decision CNBCAfrica report consecutive meeting economic downturn economic expectations Global Diamond Market Inflationary Pressures Interest Rates main lending rate Monetary Policy rate unchanged seven-day instrument