At the meeting held on December 1, 2022, the Monetary Policy Committee (MPC) of the Bank of Botswana decided to maintain the Monetary Policy Rate (MoPR) at 2.65 percent. Inflation decreased from 13.8 percent in September 2022 to 13.1 percent in October 2022, remaining above the Bank’s medium-term objective range of 3 – 6 percent. The MPC projects that inflation will continue to trend downwards and fall within the objective range in the third quarter of 2024.

Read the MPC Statement attached: