{"id":24547,"date":"2011-10-18T04:54:00","date_gmt":"2011-10-18T08:54:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2011\/10\/18\/bank-of-botswana-holds-bank-rate-at-9-50\/"},"modified":"2011-10-18T04:54:00","modified_gmt":"2011-10-18T08:54:00","slug":"bank-of-botswana-holds-bank-rate-at-9-50","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/10\/18\/bank-of-botswana-holds-bank-rate-at-9-50\/","title":{"rendered":"Bank of Botswana Holds Bank Rate at 9.50%"},"content":{"rendered":"

The <\/span><\/span>Bank of Botswana<\/a>‘s<\/span> Monetary Policy Committee held the benchmark interest rate unchanged at 9.50%.  The Bank said: “While short-term price developments have resulted in inflation remaining above the objective range of 3 – 6 percent, the medium-term outlook for consumer prices is more encouraging. As a result, the Committee judged that maintaining the Bank Rate at the current level is consistent with inflation converging on the objective range in the medium term.”<\/span><\/span><\/span>
<\/span>
<\/a>Previously the Bank also kept the bank rate<\/a> unchanged at 9.50% during its August meeting, while the Bank last dropped the rate 50 basis points to 9.50% in December last year.  Botswana recorded annual price inflation<\/a> of 8.6% in September, 7.8% in July, 7.9% in June, 8.3% in May, and 8.2% in April, and above the central bank’s target range of 3-6%, according to the central bank.
<\/p>\n


The Bank said domestic output<\/a> grew an estimated annual rate of 12.4% in the second quarter, driven largely by the 23.7% growth reported in the mining sector; with the non-mining sector growing just 7.4%.  Botswana’s currency, the Botswana Pula (BWP<\/a>), has weakened by about 12% against the US dollar so far this year, while the USDBWP exchange rate last traded around 7.30<\/span><\/span><\/div>\n

www.CentralBankNews.info<\/a><\/span><\/span><\/div>\n

<\/span><\/p>\n

\"\"<\/div><\/p>\n","protected":false},"excerpt":{"rendered":"

The Bank of Botswana‘s Monetary Policy Committee held the benchmark interest rate unchanged at 9.50%.  The Bank said: “While short-term price developments have resulted in inflation remaining above the objective range of 3 – 6 percent, the medium-term outlook for consumer prices is more encouraging. As a result, the Committee judged that maintaining the Bank Rate at … <\/p>\n

Continue reading “Bank of Botswana Holds Bank Rate at 9.50%”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-24547","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/24547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=24547"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/24547\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=24547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=24547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=24547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}