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Downward trend forecast on inflation

Monday, February 27, 2023 | 540 Views |

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.

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