- Botswana keeps benchmark rate at 3.5%
- Inflation risks rise amid fragile growth
GABORONE, BOTSWANA – Botswana’s central bank left its benchmark interest rate unchanged at 3.5%, as inflation edges higher and economic growth remains subdued.
The decision, announced at the end of the Bank of Botswana’s first Monetary Policy Committee (MPC) meeting of the year, extends a pause that began in December, following a cumulative 160 basis point hike in October from 1.9% to 3.5%. The October increase marked the first rate rise since June 2022.
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