The Bank of Botswana today launched the Monetary Policy Statement (MPS) for 2012. This reviewed inflation trends in 2011 as well as expected future trends in the context of heightened uncertainty regarding global economic prospects. With inflation in Botswana forecast to fall towards the end of the year, converging on the 3 - 6 percent objective range, monetary policy is expected to remain accommodative, thus supporting economic activity. However, the Bank will respond in a timely manner to any sustained deviation from the objective range.

Both the full MPS and the Governor's speech at the launch will be posted on this website shortly.