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Market Update: Botswana Holds Key Interest Rate Steady at 3.75%
The Central Bank of Botswana left its benchmark interest rate unchanged at a record low of 3.75% during its regular June 2021 meeting, where it has been since its meeting in October. The decision aims to continue supporting the economy amid the impact of the global pandemic. Meanwhile, the headline inflation rate rose to 6.2 percent in May 2021, compared to 5.6 percent for April 2021 and above the central banks medium-term target of 3 to 6 percent. source: Bank of Botswana [/s2If]
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