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
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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