BoB expects temporary drop in inflation
Tuesday, May 02, 2023 | 410 Views |
The central bank has a medium term objective range for inflation of three to six percent, which it considers conducive for economic growth and stability in the country. However, inflation was last within the objective range in April 2021, as the impact of increases in various taxes and levies, as well as frequent hikes in administered prices such as fuel, have pushed the cost of living to 14-year peaks.
Projections shared by the BoB on Friday, however, point to reduction in the pace of inflation in the third quarter of this year. The BoB expects that inflation will revert to the three to six percent range by the second quarter of next year.
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...