Inflation set to cool
Monday, June 19, 2023 | 330 Views |
![Ear to the ground: Pelaelo PIC: PHATSIMO KAPENG](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2023/06/19/77113.jpg&w=800&q=72&f=jpg&t=1)
Ear to the ground: Pelaelo PIC: PHATSIMO KAPENG
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.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...