BoB expects inflation to average 8% this year

Ears to the ground: Pelaelo PIC: THALEFANG CHARLES
Ears to the ground: Pelaelo PIC: THALEFANG CHARLES

The Bank of Botswana (BoB) expects inflation to average eight percent this year—a revision from an initial forecast of 7.2% driven by higher food and oil prices, BusinessWeek has learnt.

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.

Editor's Comment
Shame on the Police!

According to a press statement from the police, unidentified armed men attacked on duty police officers at the station in the early hours of Tuesday.During the attack, the suspects stole 14 riffles, five pistols and an undisclosed number of ammunition.Although unconfirmed, it is alleged that the suspects were just carrying knives and axes, which they used to scare the men and women in uniform before they took them hostage to help themselves to...

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