Inflation could fall even further
Wednesday, November 20, 2019
Inflation, or the rate of increase in prices, fell to what most data sets suggests is an all-time low of 2.4 percent in October, helped by low imported inflation, restrained demand in the economy and stable administered prices.
The Bank of Botswana (BoB) said in the absence of a fuel price increase in the remainder of 2019, the base effects stemming from the increase in fuel prices in the last quarter of 2018 will contribute to inflation trending even lower in the short term. Base effects are distortions in monthly inflation resulting from abnormally high or low levels of inflation in the corresponding month a year before.
While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...