the monitor

Downward trend forecast on inflation

Moses Pelaelo PIC: MORERI SEJAKGOMO
Moses Pelaelo PIC: MORERI SEJAKGOMO

The Bank of Botswana expects inflation to continue trending downward and fall within the three to six percent target range by the second quarter of next year.

The central bank says the direction of inflation allows it to adopt an "accommodative monetary policy stance" for this year, which could see interest rate cuts that put money back in borrowers' pockets.

Briefing journalists on Thursday, BoB governor, Moses Pelaelo said from a peak of 14.6% last year, inflation has been declining, reaching 12.4% in December 2022, and 9.3 percent in January.

Editor's Comment
Makgekgenene played her part

“Ignore the noise, focus on your work”- AnonymousAs the DG of such a controversy-ridden institution, you really played your part in the fight against corruption and economic crime. Your stay at the helm of the DCEC was quickly paying dividends under your stewardship. During your tenure, there was a lot of action as those caught on the wrong side of the law were brought to court regardless of their economic or political status. We have learnt...

Have a Story? Send Us a tip
arrow up