Botswana reduces monetary policy rate by 25 basis points

GABORONE, Dec. 7 (Xinhua) -- Botswana reduced the country's monetary policy rate by 25 basis points from 2.65 percent to 2.4 percent, the country's central bank announced Thursday.

Cornelius Dekop, governor of the Bank of Botswana, said the current state of the economy and the outlook for both domestic and external economic activity provide scope to ease monetary policy.