Curbing inflation is 'a delicate balancing game' - Mohohlo

The Bank of Botswana has repeated its stance that inflation is likely to ease towards the last quarter of this year, though it will trend up in the short-term due to higher food and fuel prices.

"We are witnessing what I call a perfect storm," Governor Linah Mohohlo said at the launch of the Bank of Botswana Annual Report for 2007 on Tuesday.

But it reached double digits 11.1 percent in April due to increasing food and fuel prices, undermining BoB's inflation target of 3 to 6 percent in the medium-term.Subsequently, BoB increased its key interest rate by 50 basis points to 15 percent in May to try to curb inflation.

Editor's Comment
We should care more for our infrastructure, road safety

These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...

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