- BoB expects inflation to fall within objective range of 3-6% in Q2 2024
- Lower fuel prices, modest domestic demand among factors identified
- BoB says weak economy in SA is leading to weakening of the Rand
Appreciation of the Pula against the South African Rand is one of the factors contributing towards the downward revision of the inflation forecast, the Bank of Botswana (BoB) has noted.
According to projections of BoB’s Monetary Policy Committee (MPC), while it will fluctuate, inflation will trend downwards and fall within the central bank’s objective range of 3-6 percent in the second quarter of 2024.
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