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    Tumisang Orebonye: Overcoming Against Adversity to Reach for the Stars

    ‘Winning The CAF Super Cup Is A Dream Come True’ – Orebonye

    BAA Needs Over P3m For World Champs

    Botswana’s Sporting Future in Jeopardy: School Sports Suspension Threatens Athletic Excellence

    No House For Tebogo Despite Astral Performance in Budapest

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    BOKA Aims to Host Two Prestigious International Karate Competitions

    BOKA Aims to Host Two Prestigious International Karate Competitions

    FM Botswana 2022 conference: transformation towards a greener FM 

    StanChart CEO Underscores Role of UB Marathon in Boosting Botswana’s Sports Tourism

    No House For Tebogo Despite Astral Performance in Budapest

    No House For Tebogo Despite Astral Performance in Budapest

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      Tumisang Orebonye: Overcoming Against Adversity to Reach for the Stars

      ‘Winning The CAF Super Cup Is A Dream Come True’ – Orebonye

      BAA Needs Over P3m For World Champs

      Botswana’s Sporting Future in Jeopardy: School Sports Suspension Threatens Athletic Excellence

      No House For Tebogo Despite Astral Performance in Budapest

      “No Pressure for Tebogo at Diamond League Finals”

      BOKA Aims to Host Two Prestigious International Karate Competitions

      BOKA Aims to Host Two Prestigious International Karate Competitions

      FM Botswana 2022 conference: transformation towards a greener FM 

      StanChart CEO Underscores Role of UB Marathon in Boosting Botswana’s Sports Tourism

      No House For Tebogo Despite Astral Performance in Budapest

      No House For Tebogo Despite Astral Performance in Budapest

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      BoB may hike interest rate next week following inflation spike

      mm by RMB Africa Research
      August 16, 2022
      in News
      Reading Time: 1 min read
      0
      Banks grapple with funding and maturity mismatches

      GABORONE 8 October 2020, Bank of Botswana (BOB) Governor Moses Dinekere Pelaelo briefing the media on the outcome of the Monetary Policy Committee (MPC) in Gaborone 8 October 2020. The deputy Governor of the bank Dr Kealeboga Masalila was present among the others during the briefing. (Pic:MONIRUL BHUIYAN/PRESS PHOTO)

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      Consumer price inflation in Botswana accelerated to 14.3 percent y/y in July from 12.7 percent y/y in June. Contributing to this high print were increasing prices for major CPI components such as transport, food and non-alcoholic beverages, housing, water, electricity, gas and other fuels, and miscellaneous goods and services. A weaker currency also added topside pressure to the July inflation reading. The reduction in the VAT rate from 14 percent to 12 percent announced at the end of July might ease inflation pressures going forward. That said, inflation remains notably above the upper band of the Bank of Botswana’s 3 percent-6 percent target range, suggesting that the MPC may continue to tighten monetary policy at next week’s meeting.

      Tags: Bank of Botswana

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