The Bank of Botswana has published the Mid-Term Review of the 2011 Monetary Policy Statement.  It is expected that economic activity will remain below trend in the medium term, influenced by the slowdown in global growth, planned reductions in public spending, as well as slow growth in personal disposable incomes. Against this background, it is expected that in the short term inflation will remain above the 3 – 6 percent objective range. But this is largely due to transient factors, and inflation is expected to converge on the objective range in the second half of 2012.

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