The Monetary Policy Statement (MPS) is the conduit through which the Bank of Botswana (the Bank) informs stakeholders about the framework for formulation and implementation of monetary policy in the country. The Statement is produced once a year in February and presents a review of inflation trends, policy performance and articulates the policy choices for the ensuing year. The Statement also serves to fulfil the public’s expectation of a transparent and accountable central bank in pursuit of its monetary policy mandate, as set out in the Bank of Botswana Act (CAP 55:01).