Botswana central bank cuts interest rate again by 25 basis points
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Botswana's central bank reduces its key lending rate by 25 basis points to 1.90% for the second consecutive meeting due to an economy operating below capacity. The move aims to stimulate economic growth, as inflation has increased to 3.7% in July but remains within the target range. The bank forecasts inflation to average 3.0% in 2024, down from the previous estimate of 3.6%.
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