Standard & Poor's Ratings Services revised its outlook on the Republic of Botswana to negative from stable and affirmed its 'A-/A-2' long- and short-term foreign and local currency sovereign credit ratings.
Botswana's central bank left its benchmark Bank Rate steady at 6.0 percent, reiterating its view from February that the "current state of the economy, domestic and external economic outlook and the inflation forecast suggest that the prevailing monetary policy stance is consistent with maintaining inflation within the Bank's medium-term objective range of 3 - 6 percent."
Botswana's central bank left its Bank Rate unchanged at 6.0 percent, saying inflation is forecast to be close to the lower bound of its target range while the growth of credit is not posing any threat to financial stability.
The Botswana government on Monday said its domestic economy remains positive in 2015 and real GDP will grow by 4.9 percent.
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