At the meeting held on August 25, 2022, the Monetary Policy Committee (MPC) of the Bank of Botswana decided to increase the Monetary Policy Rate (MoPR) by 50 basis points from 2.15 percent to 2.65 percent. Inflation increased from 12.7 percent in June 2022 to 14.3 percent in July 2022, the highest value since the December 2008 figure of 13.7 percent, remaining above the Bank’s medium-term objective range of 3 – 6 percent.

Read the MPC Statement attached: