The Bank of Botswana (BoB)’s Monetary Policy Committee (MPC) left the central bank benchmark rate (Monetary Policy Rate, MoPR) unchanged at 2.4 percent citing favourable inflation trends.
According to data recently shared by Statistics Botswana, the country’s annual headline inflation dipped to 2.9 percent, down from 3.9 percent in February, marking a notable 1.0 percentage point decrease. The primary drivers behind this decline were Miscellaneous Goods & Services, contributing 0.8 percentage points, and Food & Non-Alcoholic Beverages, adding 0.7 percentage points to the overall inflation rate.
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