BoB sees risks as inflation drops from peak

The central bank raised interest rates three times this year in response to climbing inflation, sparking outrage from ordinary Batswana.

From 14.6% in August, which represented a 14-year high, inflation has since declined to 13.1% in October, as global fuel prices have eased in recent months. Responding to BusinessWeek enquiries recently, BoB executives projected that inflation would drop to 12.4% in November, average 11.4% in the first quarter of next year, 8.8 percent in the second quarter and seven percent in the first quarter of 2024.