The Monetary Policy Report (MPR) is the main medium through which the Bank of Botswana (the Bank) informs the public about the conduct of monetary policy on a regular or timely basis. It serves to meet the public’s expectation of a transparent and accountable central bank in fulfilling the monetary policy mandate set out in the Bank of Botswana Act (Cap 55:01). The MPR presents the Bank’s review of economic and inflation trends as well as policy performance. The report also provides an assessment of economic and financial developments that are likely to influence the inflation path in the medium term and, in turn, the Bank’s future policy choices. In this respect, the MPR promotes an understanding of the conduct of monetary policy to anchor public expectations of a low, predictable and sustainable level of inflation.
The Monetary Policy Report (MPR) outlines the economic analysis and inflation trends and projections used by the Monetary Policy Committee to implement the monetary policy path chosen for the period as stated in the Monetary Policy Statement, as well as review policy performance for prior year. It is, therefore, the channel through which the Bank of Botswana (the Bank) informs the public about the conduct of monetary policy on a regular basis, buttressing pursuit of transparency and accountability and anchoring expectations of a low, predictable and sustainable levels of inflation.
The MPR is produced three times a year, following the meetings of the Monetary Policy Committee; in April, August and December of each year.