BoB searches toolbox as inflation rises

Friday, July 24, 2026 | 130 Views |

Eyes on the ball: Masalila says the BoB is effectively managing inflation expectations PIC: PHATSIMO KAPENG

The Bank of Botswana says its communication with the broader economy, as well as its institutional independence in accurately forecasting inflation and managing it, will help curb runaway prices, which are currently trending at highs due to retail pump price increases.

Inflation for June was measured at 10.7%, unchanged from May representing the highest level since December 2022, when Russia’s invasion of Ukraine earlier that year triggered a global spiral of food and fuel prices.

The trend this year is linked to the continuing impact of the fuel price increases effected in March, with the central bank forecasting inflation to average nine percent this year, well above the three to six percent objective range.

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