Tuesday, June 19, 2007

Botswana central bank cuts bank rate to 14.5 pct

(Reuters) - Botswana's central bank has cut its bank rate by 50 basis points to 14.5 percent, citing a positive outlook for inflation, it said in a statement.

"The reduction in the Bank rate reflects the positive outlook for the path of inflation," the bank said in a statement issued late on Monday.


Read more at Reuters Africa

No comments: