Interest Rate in Botswana
Botswana - Interest RateThe economy appears to have decelerated further in the third quarter, after a sizable downturn in mining caused growth to fall to a two-year low in the second quarter. Notably, merchandise exports contracted at an even sharper rate on a decline in overseas sales of diamonds, which account for nearly 90% of total exports. Lower diamond shipments reflect the fall in output prompted by the closure of the Orapa mine in April and the challenging external backdrop. In addition, firms were less optimistic about business conditions in Q3, suggesting deteriorating private sector activity as the worst drought in a decade wiped out crops and livestock through the quarter. Meanwhile, in politics, the opposition challenged October’s elections results in court on 26 November, amid claims of electoral fraud.
Botswana - Interest Rate Data
|Policy Interest Rate (%)||7.50||7.50||6.00||5.50||5.00|
5 years of economic forecasts for more than 30 economic indicators.
Botswana Interest Rate Chart
Source: Bank of Botswana
|Bond Yield||5.06||0.23 %||Dec 31|
|Exchange Rate||10.58||-0.31 %||Dec 31|
|Stock Market||1.2||0.0 %||Dec 30|
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