Inflation seen breaching BoB�s lower ballpark

Source: Bank of Botswana
Source: Bank of Botswana

The annual inflation rate could possibly breach the Bank of Botswana (BoB) three percent lower medium term objective as lower fuel prices coupled with weak domestic demand should further ease inflationary pressures in 2015.

In a bid to maintain price stability in the economy, the central bank has set an inflation objective of between 3-6 percent.

Launching the 2015 Monetary Policy Statement (MPS) yesterday, BoB governor Linah Mohohlo said the economy will continue to experience disinflation this year auguring well for the retention of the accommodative monetary policy stance, which has ushered in the prevailing low interest rates regime.

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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