The Bank of Botswana has kept its Monetary Policy Rate at 5.5 percent, opting against further tightening despite inflation remaining well above the central bank’s target range.
The decision was taken by the Monetary Policy Committee (MPC) on Thursday as inflation fell from 10.7 percent in June to 9.4 percent in July. The rate remains significantly above the Bank’s 3–6 percent medium-term objective.
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