Inflation cools in line with BoB forecasts

Friday, November 17, 2017

Consumer inflation has softened to sit at the lower end of the Bank of Botswana (BoB) objective, in line with forecasts that informed last month’s cut in the benchmark bank rate.

Figures published by Statistics Botswana (SB) yesterday show that annual inflation rate in October 2017 was 3.0%, registering a drop of 0.2 of a percentage point on the September 2017 rate of 3.2%. At 3.0% consumer inflation is now at a ten-month low.

The BoB’s medium term objective is to have consumer inflation in the three to six percent range.

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Inflation cools in line with BoB forecasts

Consumer inflation has softened to sit at the lower end of the Bank of Botswana (BoB) objective, in line with forecasts that informed last month’s cut in the benchmark bank rate.