Botswana’s Central Bank Sees Inflation Slowing This Year

Botswana’s inflation will peak at just over 5% this year, down from a December forecast of 6.2%, due to “stabilizing exchange-rate dynamics”, Bank of Botswana Governor Lesego Moseki said.

Inflation risks are high due to a proposed 46% increase in electricity tariffs requested by the Botswana Power Corporation for the 2027 fiscal year, Moseki said at a monetary policy statement meeting on Tuesday.

“The anticipated increase in public-transport fares is also expected to be inflationary, while the outbreak of foot-and-mouth disease may lead to higher food inflation,” he said. A proposed reduction in the number of goods zero-rated for value-added ...