the monitor

BoB to revise inflation outlook after pula adjustment

EYES ON THE BALL: Masalila says the bank is assessing the price hikes. PIC: MORERI SEJAKGOMO
EYES ON THE BALL: Masalila says the bank is assessing the price hikes. PIC: MORERI SEJAKGOMO

The Bank of Botswana is assessing the impact of upward price movements in the economy following the adjustment of the pula, amidst expectations that the original forecast of 2.7 percent average inflation this year will be increased.

Firms around the country have increased their prices following the downward revision of the pula and an increase in the costs commercial banks pay to access foreign currency from the central bank.

Both the BoB and the Competition and Consumer Authority have criticised the price hikes, describing them as "disingenuous" and "opportunistic". The central bank has said banks, in particular, are adding unreasonable mark-ups on their rates for foreign currency.

Editor's Comment
Declaration of assets, liabilities could possibly curb corruption

It’s troubling, however, that those pursued by this craft busting agency and other security organs, are seemingly individuals who are supposed to be providing exemplary leadership. The alleged culprits are also mainly ex-Cabinet members associated with the previous ruling Botswana Democratic Party (BDP) while others are former senior public officers. This whole development creates an appetite for the enforcement of the Declaration of Assets and...

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