Economic Intelligence
A daily read on Botswana markets, policy and the macro economy
Six models, the full BSE board and net of fees fund rankings in one place, built from primary sources and refreshed as each release lands. The analysis a treasury desk needs before it takes a view, without the terminal price.
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One subscription covers a team of up to five.
What is inside
Six models and the full market, in one subscription
Each module runs on the same daily snapshot, so the bond desk, the rate path and the inflation read all agree on the numbers underneath them.
Bond desk
The full Botswana government bond curve priced line by line, with duration, the value of a basis point on the book, and the expected real yield each bond pays after the 12 month inflation forecast, stated as a forecast dependent figure rather than a realised return. Subscribers also get the buy, hold or sell call and how to pre empt the next auction.
Rate path
A projected path for the Monetary Policy Rate (MoPR), read from the output gap, inflation and the currency pressure the Bank of Botswana is managing, carried through to the loan pricing floor that protects the margin.
Inflation
Headline CPI inflation, the annual rate of change of the Consumer Price Index, forecast at 3 and 12 months and built component by component, so an administered price shock, fuel or transport, is separated from the core measure that strips those out.
Currencies
The Pula against every currency in the basket it is pegged to, the rand plus the dollar, euro, pound, renminbi and yen that make up the SDR side, with 90 day performance, the crawling peg pressure read against the whole basket, and a base, upside and downside scenario drawn from each partner economy's own inflation and policy rate.
Equities
The full Botswana Stock Exchange (BSE) board, domestic and foreign, with a buy, hold or sell read on every listed security sized to how liquid it is, plus the exchange traded funds and the index level.