Inflation cools in line with BoB forecasts

Consumer inflation has softened to sit at the lower end of the Bank of Botswana (BoB) objective, in line with forecasts that informed last month’s cut in the benchmark bank rate.

Figures published by Statistics Botswana (SB) yesterday show that annual inflation rate in October 2017 was 3.0%, registering a drop of 0.2 of a percentage point on the September 2017 rate of 3.2%. At 3.0% consumer inflation is now at a ten-month low.

The BoB’s medium term objective is to have consumer inflation in the three to six percent range.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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