Cape Times

Botswana bank cuts its rate

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THE BANK of Botswana had cut its benchmark lending rate by 50 basis points to 6 percent yesterday, saying that this would help keep inflation within its mediumterm target range. “The current state of the economy, as well as the domestic and external economic outlook – including the inflation forecast, suggest that easing monetary policy is a step in the right direction,” the country’s central bank said in a statement on its website. – Reuters

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