At the meeting held on October 20, 2022, the Monetary Policy Committee (MPC) of the Bank of Botswana decided to maintain the Monetary Policy Rate (MoPR) at 2.65 percent. Inflation decreased from 14.6 percent in August 2022 to 13.8 percent in September 2022, remaining above the Bank’s medium-term objective range of 3 – 6 percent. The MPC projects that inflation will remain above the objective range into the medium term but trend downwards from the fourth quarter of 2022 and fall within the objective range from the third quarter of 2024.
Read the MPC Statement attached: