BoB launches monetary policy report
Ryder Gabathuse | Wednesday September 12, 2018 10:01
Speaking at the launch, BoB governor Moses Pelaelo noted that the report would be the main medium through which the bank would inform the public about the formulation and implementation of monetary policy.
“It serves to meet the public’s expectations of a transparent and accountable central bank in fulfilling the monetary policy mandate. The Monetary Policy Reports in April, August and October will be preceded by the Monetary Policy Statement in February each year,” Pelaelo emphasised.
At the just ended 15th National Business Conference at Adansonia in Francistown Pelaelo said: “I would like to assure you that the bank’s implementation of monetary policy will continue to focus on entrenching expectations of low, predictable and sustainable inflation, through timely responses to price developments”.
He further promised that the bank will contribute to effective oversight of the financial system to ensure sustained financial stability and integrity of the payments system, while promoting market development and financial inclusion, as a growth imperative and also important for policy transmission.
“Essentially, this is the enduring contribution of the bank to an enabling environment for private sector growth and greater participation in economic activity. Therefore, enhanced prospects for economic diversification efforts, employment creation, inclusive growth and transition to high-income status,” he said.