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
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.
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...