The Bank of Botswana today launched the Monetary Policy Statement – 2011, which maintains the medium-term (three-year) objective range for inflation at 3 – 6 percent. The statement notes that, while global inflationary pressures are expected to be generally restrained, the conduct of monetary policy in 2011 will need to take account of upside risks for the inflation outlook, including the possible impact of short-price volatility on inflation expectations. Thus, while inflation in Botswana is currently expected to fall within the objective range by mid-2012, the Bank is committed to a timely response to deviations from this forecast