At its meeting of 7 November 2024, the Bank of Botswana's Monetary Policy Committee (MPC) maintained the Monetary Policy Rate (MoPR) at 1.9 percent. The MPC forecasts inflation to remain low into the medium term, averaging 2.8 percent in 2024, 3.1 percent in 2025 and 5.3 percent in 2026. The risks to the short-term inflation outlook are assessed to be skewed to the downside mainly on account of subdued domestic and global economic activity, limited fiscal space and the potential fall in international commodity prices.
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