Inflation likely to be above BoBs target band

source: BOPA
12 April, 2010

GABORONE – Inflation is likely to move above the Bank of Botswanas (BoB) target band of 3-6 per cent and remain there for the majority of 2010, according to a Business Monitor International (BMI) report.

The report also anticipates that BoB will only begin raising rates in the second half of the year (with 100bps worth of hikes penciled in for the year) in order to allow cuts to feed through and support economic growth.

BMI estimated that there were 2.21 million mobile subscribers in 2009 and anticipated the total to rise 20.8 per cent by 2014 to 2.67 million.

Over this period the report noted that penetration will rise from 113.6 per cent to 127.4 per cent.

On the other hand, the report mentioned that in line with their expectation, BoB held the benchmark lending rate at [continue reading]

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