Tag: Bank of Botswana

BoB slashes Bank Rate to 4.75 percent

The country’s central bank has announced it slashed the Bank Rate in many years citing positive inflation outlook. In a statement, the apex bank pointed out that the current state of the…

IMF chief calls for global cooperation

The Governor of the Bank of Botswana, Moses D Pelaelo, in his capacity as the Governor and representative of Botswana at the Non-Executive Board of the International Monetary Fund (IMF), accompanied by…

Bank of Botswana HQ undergoes major redevelopment

The Bank of Botswana says it will embark on a major redevelopment of its Headquarters, commencing in March 2019 and expected to be completed in June 2022. This is part of the…

Bank Rate unchanged at 5 percent

At the meeting held on October 22, 2018, the Monetary Policy Committee of the Bank of Botswana decided to maintain the Bank Rate at 5 percent. The outlook for price stability remains…

IMF deputy managing director visits Botswana

The Bank of Botswana will host the Deputy Managing Director (DMD) of the International Monetary Fund (IMF), Tao Zhang, on July 24 – 26, 2018. The visit of the DMD will be…

Bank of Botswana cuts Bank Rate to 5%

At the meeting held on October 24, 2017, the Monetary Policy Committee (MPC) of the Bank of Botswana decided to reduce the Bank Rate from 5.5% to 5%. According to the bank,…

FNBB has opened a branch at Pilane Crossing

The Bank of Botswana (BoB) has urged consumers to be on guard and vigilant with respect to the mushrooming of illegal deposit taking activities in the form of pyramid schemes. The Central…

Rise in non-performing loans worries Bank of Botswana

Bank of Botswana has raised concerns over the growing non-performing loans in the banking sector’s books. Speaking at the opening of Bank Gaborone Maun Branch, central bank governor Moses Pelaelo said there…

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