Botswana publishes mid-term review of the 2011 Monetary Policy Statement

botswana

On Monday, the Bank of Botswana released its mid-term review of the 2011 Monetary Policy Statement.

The report revealed inflation in the country was above the objective range in the first six months of 2011, influenced mainly by the lingering impact of the increase in VAT in 2010 and the upward adjustment of electricity tariffs and fuel prices. Both domestic demand and external inflationary pressures remained low, the review found.

"Given the positive medium-term outlook for price developments

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