The Monetary Policy Statement (MPS) is published at the beginning of the year to inform stakeholders about the about the basis that underpins monetary policy formulation and implementation by the Bank of Botswana (the Bank). In this regard, the Bank, through the MPS, reviews inflation trends and outlook, as well as assessing policy performance, and articulates the policy choices for the ensuing year. The MPS, together with the subsequent Monetary Policy Reports (MPRs) published during the year, and the Media Briefings after each Monetary Policy Committee (MPC) meeting, also serve to fulfill the public’s expectation of a transparent and accountable central bank in pursuit of the monetary policy mandate, as enshrined in the Bank of Botswana (Amendment) Act, 2022.
The Monetary Policy Statement (MPS) is the conduit through which the Bank of Botswana (the Bank) informs stakeholders about the framework for formulation and implementation of monetary policy in the country. The Statement is produced once a year in February and presents a review of inflation trends, policy performance and articulates the policy choices for the ensuing year. The Statement also serves to fulfil the public’s expectation of a transparent and accountable central bank in pursuit of its monetary policy mandate, as set out in the Bank of Botswana Act (CAP 55:01).