February 13, 2018 / 9:48 AM / 3 months ago

Botswana's central bank holds lending rate at 5 percent

GABORONE, Feb 13 (Reuters) - Botswana’s central bank left its benchmark lending rate unchanged at 5 percent on Tuesday, saying the outlook for price stability was positive.

“Subdued domestic demand and forecasts of (a) modest increase in foreign prices point to a positive inflation outlook in the medium term,” Governor Moses Pelaelo said. (Writing by Olivia Kumwenda-Mtambo; editing by John Stonestreet)

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