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BoB! Stop raising rates and focus on fuel costs

Friday, September 09, 2022 | 1010 Views |

Testing times: The Bank of Botswana has raised interest rates three times this year but inflation continues to rise PIC: MORERI SEJAKGOMO

In the Mmegi edition of June 24, 2022, I wrote about how the Bank of Botswana (BoB) and the Ministry of Finance and Economic Development (MoF) needed to think outside the box about how to fight rampant inflation.

At that time, we had seen the BoB raise its Monetary Policy Rate by 50 basis points (0.5%) in order to try to slow down inflation in the economy.

In that article, I had written about how following textbook economics, this move could be argued as correct but if you looked at the type of inflation being experienced and the current poor economic situation where the average Motswana is struggling, this might not have been the best move.

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BoB! Stop raising rates and focus on fuel costs

In the Mmegi edition of June 24, 2022, I wrote about how the Bank of Botswana (BoB) and the Ministry of Finance and Economic Development (MoF) needed to think outside the box about how to fight rampant inflation.

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Serowe man 'loses' P1m in trading

Inspect the voters' roll!