Botswana's central bank cuts rates - CNBC Africa

Botswana's central bank cuts rates

Southern Africa

by Reuters 0

Botswana parliament. Wikimedia

GABORONE (Reuters) - Botswana's central bank cut its benchmark lending rate by 50 basis points to 6 percent on Thursday, saying this would help keep inflation within its medium-term 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 Bank of Botswana said in a statement on its website.