The Bank of Botswana increased its benchmark interest rate by 160 basis points to 3.5% on Thursday, marking its first rate hike after six consecutive meetings of holding rates steady. The move comes as inflation in the Southern African nation rose sharply to 3.7% in September, up from 1.4% in August. The central bank’s decision … Continue reading Botswana Raises Interest Rate to 3.5% as Inflation and Debt Pressures Mount