Strong Pula to keep inflation subdued

Friday, November 28, 2014

Economic experts have predicted continued stability in the national inflation rate mainly due to the appreciation of the Pula against the South African Rand and generally lower oil prices on the international market.

The country’s inflation was recorded at 4.34 percent in October of 2014. It averaged 8.03 percent from 1997 until 2014, reaching an all time high of 15.06 percent in November of 2008 and a record low of 4.12 percent in December of 2013.

This is within the Bank of Botswana objective range of three to six percent.

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Strong Pula to keep inflation subdued

Economic experts have predicted continued stability in the national inflation rate mainly due to the appreciation of the Pula against the South African Rand and generally lower oil prices on the international market.