BoB expects inflation to average 8% this year
Friday, May 13, 2022 | 1240 Views |
Ears to the ground: Pelaelo PIC: THALEFANG CHARLES
The depreciation of the pula against the rand is also expected to add pressure on the prices of goods and services this year, the central bank said.
The revised average for inflation this year is mainly the result of the higher prices that trended in the first quarter of the year, during which inflation reached a 13-year high at 10.6% between January and February.
With his theme of 'Delivering on Our Promise, One Step at a Time', he sought to project an image of a focused, determined leader building a new ‘Rome’. Sadly, parts of his speech were not about laying bricks, but about settling old scores.It is deeply worrying that a head of government would use such a pivotal national address to launch another bitter broadside against the media and his political detractors. His portrayal of the...