At the meeting held on April 28, 2022, the Monetary Policy Committee (MPC) of the Bank of Botswana decided to increase the  Monetary Policy Rate (MoPR) by 51 basis points from the prevailing 1.14 percent yield on the 7-day Bank of Botswana certificate to 1.65 percent. Inflation declined from 10.6 percent in February 2022 to 10 percent in March 2022, remaining above the Bank’s medium-term objective range of 3 - 6 percent.

Read the MPC statement attached.