At the meeting held on October 8, 2020, the Monetary Policy Committee (MPC) of the Bank of Botswana decided to reduce the Bank Rate by 50 basis points from 4.25 percent to 3.75 percent. Inflation rose marginally from 0.9 percent in July to 1 percent in August 2020 and remained below the lower bound of the Bank’s objective range of 3 – 6 percent. However, inflation is forecast to revert to within the objective range in the third quarter of 2021.