At the meeting held on 30 October 2025, the Monetary Policy Committee (MPC) of the Bank of Botswana increased the Monetary Policy Rate (MoPR) by 160 basis points from 1.9 percent to 3.5 percent. However, commercial banks are directed not to increase their Prime Lending Rates (PLRs) in response. This policy decision is intended to reinforce policy transmission, particularly in relation to the monetary operations tools and distribution of market liquidity. Secondly, to compliment the adjustment of exchange rate parameters in July 2025, which was intended to preserve the official foreign exchange reserves, as well as signal the intent to support the external balance.