BoB expects inflation to average 8% this year
Friday, May 13, 2022 | 1240 Views |
![Ears to the ground: Pelaelo PIC: THALEFANG CHARLES](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2022/05/13/37555.jpg&w=800&q=72&f=jpg&t=1)
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.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...