BoB Slashes Bank Rate

The Bank of Botswana's (BoB) decision to ease the bank rate by 50bps is in line with BMI 's prognostication and broadly constructive view on the prospects for greater macroeconomic stability. The previous interest rate move - a 50bps hike - took place in February last year amid a fairly troublesome acceleration of inflationary pressures (see chart), in large part driven by the devaluation of the pula in 2005.

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