BoB in historic benchmark rate cut

Businesses, banks and household on Thursday midday received the much anticipated announcement from Bank of Botswana Governor, Moses Pelaelo, who said the central bank has decided to reduce the Bank Rate by 50 basis points from 4.25 percent to 3.75 percent.

This is the second 50 basis points cut this year after the April cut from 4.25 percent to 4.75 percent. This Thursday cut is the record lowest since 2006, two years before global recession. The two cuts this year were seen as intervention to cushion the economic impact of Covid-19.
Covid-19 and its new normal to most business activities shifted most macroeconomic dynamics and dimension; this recent cut according to the central bank is meant to support the domestic economy which is backed against the wall by inflationary pressures.

The headline inflation remained steady at 1 percent in August and well below the lower bound of the Bank’s objective

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Stay-at-home orders cut noise exposure almost in half

Oct. 9 (UPI) — Sometimes, living the quiet life is a choice. Other times, it’s the reality of a global pandemic. New research suggests lockdowns and stay-at-home orders led to a dramatic reduction in noise exposure.

For the study, published Friday in the journal Environmental Research Letters, scientists at the University of Michigan collected noise exposure data from volunteer Apple Watch wearers in Florida, New York, California and Texas.

“Volunteer participants opted to share environmental sound data from their Apple Watch and headphone sound data from their iPhone,” researchers wrote. “Participants for this analysis were chosen from four states which exhibited diverse responses to COVID-19.”

Scientists analyzed more than half-a-million sound exposure measurements from before and during the pandemic.

In locations where governments issued social distancing recommendations and stay-at-home orders, average sound exposure dropped three decibels during March and April compared to January and February.

“That is a huge reduction

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MPC to focus on growth, expectation on rate cut back on table

KOLKATA: Expectation of the Reserve Bank of India returning to the interest rate easing cycle sooner gained traction with it saying that the Monetary Policy Committee (MPC) would focus on economic revival when the transient spikes in inflation dissipate. The regulator projected that inflation would ease closer to the target by March next year.

Governor Shaktikanta Das said that the rise in prices is due to supply side shocks as the effect of lockdowns and restrictions in movements across the country.

“As supply chains are restored, these wedges should dissipate,” Das said in his policy statement. “The MPC has hence decided to look through the current inflation hump as transient and address the more urgent need to revive growth and mitigate the impact of COVID-19.”

This has provided the space for continuing with the accommodative stance with forward guidance as set out in the MPC’s resolution.

“We continue to expect

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