Botswana slashes a point off rates
The Bank of Botswana on Friday chopped a percentage point off its benchmark rate after inflation fell within the central bank's target range last month.
The cut leaves the benchmark rate at 10%, a record low. Inflation now stands at 5% for the year to November, a percentage point below the upper bound of the central bank's 3% to 6% target range.
The central bank pinned the fall in inflation on a "notable" fall in food and fuel prices and a substantial decline in the rate of monetary expansion
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