the monitor

Inflation set to cool

Ear to the ground: Pelaelo PIC: PHATSIMO KAPENG
Ear to the ground: Pelaelo PIC: PHATSIMO KAPENG

Inflation fell to 5.7 percent in May, the lowest in two years, with the Bank of Botswana (BoB) saying it expects the rate of increases in prices to continue easing into the medium-term, the Monitor Business has learnt.

The central bank has a medium-term objective range for inflation of three to six percent, which it considers conducive for economic growth and stability in the country.

However, prior to May, inflation was last within the objective range in April 2021, as the impact of increases in various taxes and levies as well as frequent hikes in administered prices such as fuel, pushed the cost of living to 14-year peaks in August 2022.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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