Inflation seen breaching BoBís 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
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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