BoB sees risks as inflation drops from peak
Friday, December 09, 2022 | 530 Views |
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.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...