BoB to revise inflation outlook after pula adjustment

Tuesday, July 29, 2025 | 250 Views |

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.

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