• FMD surges in SAOctober 6, 2025
    Border villages,Tlokweng on high alert Cattle crossing into SA to be slaughtered Farmers to conduct FMD routine checks   BAKANG TIRO RelatedPosts FMD surges in SA Banks report P5.98 billion loan defaults Botswana Council of Churches calls for peace… Read more: FMD surges in SA
  • Banks report P5.98 billion loan defaultsOctober 6, 2025
    Government’s growing fiscal pressures escalate risks of default in household and business loan repayments   RelatedPosts FMD surges in SA Banks report P5.98 billion loan defaults Botswana Council of Churches calls for peace STAFF WRITER editors@thepatriot.co.bw Arrears on loans… Read more: Banks report P5.98 billion loan defaults
  • Botswana Council of Churches calls for peaceOctober 6, 2025
    GORATAONE KGOSIMORE editors@thepatriot.co.bw RelatedPosts FMD surges in SA Banks report P5.98 billion loan defaults Botswana Council of Churches calls for peace   Rev. Mmachakga Moruakgomo, representing the Botswana Council of Churches, on August 2025 undertook a diplomatic visit to… Read more: Botswana Council of Churches calls for peace
  • Botswana defends slaughtering elephantsOctober 6, 2025
    Global uproar over killing 21 elephants for Independence festivities KITSO RAMONO editors@patriot.co.bw RelatedPosts FMD surges in SA Banks report P5.98 billion loan defaults Botswana Council of Churches calls for peace   The Ministry of Environment and Tourism has confirmed… Read more: Botswana defends slaughtering elephants
  • BDC Group revenue surges to P802mOctober 6, 2025
    Lines up projects worth P1.2 billion in short-term Hails Delta Automotive milestones in growing regional market To unlock growth after US$12 billion AI Mansour Holdings deal STAFF WRITER editors@thepatriot.co.bw RelatedPosts FMD surges in SA Banks report P5.98 billion loan… Read more: BDC Group revenue surges to P802m
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Tuesday, October 7, 2025
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result

Inflation woes: More misery for consumers

patriot by patriot
December 9, 2021
in Business
0
Dr Lesedi Senatla

Dr Lesedi Senatla

  • BoB anticipates private school fees increase
  • Fuel prices to go up as well, inflation to deepen further
  • Inflation will revert to 3-6% objective range in Q3 2022

BAKANG TIRO

editors@thepatriot.co.bw

RelatedPosts

Banks report P5.98 billion loan defaults

BDC Group revenue surges to P802m

Choppies gross profit hits P1.8 billion

The central bank, Bank of Botswana (BoB), forecasts that inflation will deepen further above the objective range of 3 to 6 percent, fuelled further by school fees and fuel prices hikes.

The Director of Research and Stability at BoB Dr Lesedi Senatla said the inflation will revert to the objective range in the third quarter of 2022.

Private school fees and fuel prices are expected to go up in early 2022; thereby adding further inflationary pressures.

“These developments are likely to come into effect on the first quarter of 2022 and therefore it is not likely that the inflation can revert to the objective range in the second quarter. The fuel prices will likely be adjusted in line with the international trends in oil prices as they are going up as well,” he said.

Dr Senatla said the economy is likely to be strained due to the new Omicron Covid-19 variant, which has been detected in Botswana. However he is confident that economic recovery interventions plans put in place such as robust vaccination rollout can keep the economy afloat.

BoB Governor Moses Pelaelo said the successful rollout of Covid-19 vaccine is very crucial for economic recovery. He noted that with a new Omicron variant detected, it is important to shift the economic and investment policies to adjust them in recognition of the pandemic and its impact.

“The initiatives such Smart Botswana is very key as digitalisation is one of the elements that can boost the economy. If we increase internet connectivity and make it strong, this can build capacity and bring efficiency in the economy. We also need structural reforms on the economy such as coming up with export and industrial policies with ideas to diversify the export revenue pools,” said Pelaelo.

Meanwhile, Pelaelo said inflation rose from 8.4 percent in September to 8.8 percent in October 2021, remaining above the upper bound of bank’s medium-term objective range of 3-6 percent.

 “The latest increase in inflation mainly reflects the upward adjustment of domestic fuel prices in October 2021. However, inflation is projected to revert to within the objective range in the third quarter of 2022, mainly on account of the dissipating impact of the upward adjustment, during 2021, of value added tax (VAT) and administered prices from the inflation calculation; which altogether contributed 5.9 percentage points to the current level of headline inflation,” buttressed Pelaelo.

According to Pelalelo, overall risks to the inflation outlook are assessed to be skewed to the upside. “These include the potential increase in the international commodity prices beyond current forecasts; persistence of supply and logistical constraints due to lags in production; possible maintenance of travel restrictions and other COVID-19 containment measures; domestic risk factors relating to the regular annual price adjustments; as well as the second-round effects of the recent increases  in administered prices and the inflation expectations that could lead to generalized higher price adjustments,” stated Pelaelo.

Furthermore, he said the aggressive action by government through the Economic Recovery and Transformation Plan (ERTP) and major central banks to bolster aggregate demand, as well as the successful rollout of the COVID-19 vaccination programmes, could add pressures to inflation.

Bank of Botswana’s Monetary Policy Committee (MPC) has decided to maintain the bank rate at 3.75% as part of creating accommodative monetary environment so as to spur economic activity.

Previous Post

#HER Art Galleria

Next Post

Ikongwe residents, Iron Ore mining Co. clash

Related Posts

Banks report P5.98 billion loan defaults
Business

Banks report P5.98 billion loan defaults

October 6, 2025
BDC Group revenue surges to P802m
Business

BDC Group revenue surges to P802m

October 6, 2025
Choppies gross profit hits P1.8 billion
Business

Choppies gross profit hits P1.8 billion

October 2, 2025
Tataki mine opens
Business

Tataki mine opens

September 22, 2025
Banks in P90.79 billion household debt
Business

Banks in P90.79 billion household debt

September 13, 2025
𝐇𝐞𝐦𝐩 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚𝐥s roll in
Business

𝐇𝐞𝐦𝐩 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚𝐥s roll in

September 13, 2025
Next Post
Ikongwe residents, Iron Ore mining Co. clash

Ikongwe residents, Iron Ore mining Co. clash

Please login to join discussion
  • FMD surges in SAOctober 6, 2025
    Border villages,Tlokweng on high alert Cattle crossing into SA to be slaughtered Farmers to conduct FMD routine checks   BAKANG TIRO RelatedPosts FMD surges in SA Banks report P5.98 billion loan defaults Botswana Council of Churches calls for peace… Read more: FMD surges in SA
  • Banks report P5.98 billion loan defaultsOctober 6, 2025
    Government’s growing fiscal pressures escalate risks of default in household and business loan repayments   RelatedPosts FMD surges in SA Banks report P5.98 billion loan defaults Botswana Council of Churches calls for peace STAFF WRITER editors@thepatriot.co.bw Arrears on loans… Read more: Banks report P5.98 billion loan defaults
  • Botswana Council of Churches calls for peaceOctober 6, 2025
    GORATAONE KGOSIMORE editors@thepatriot.co.bw RelatedPosts FMD surges in SA Banks report P5.98 billion loan defaults Botswana Council of Churches calls for peace   Rev. Mmachakga Moruakgomo, representing the Botswana Council of Churches, on August 2025 undertook a diplomatic visit to… Read more: Botswana Council of Churches calls for peace
  • Botswana defends slaughtering elephantsOctober 6, 2025
    Global uproar over killing 21 elephants for Independence festivities KITSO RAMONO editors@patriot.co.bw RelatedPosts FMD surges in SA Banks report P5.98 billion loan defaults Botswana Council of Churches calls for peace   The Ministry of Environment and Tourism has confirmed… Read more: Botswana defends slaughtering elephants
  • BDC Group revenue surges to P802mOctober 6, 2025
    Lines up projects worth P1.2 billion in short-term Hails Delta Automotive milestones in growing regional market To unlock growth after US$12 billion AI Mansour Holdings deal STAFF WRITER editors@thepatriot.co.bw RelatedPosts FMD surges in SA Banks report P5.98 billion loan… Read more: BDC Group revenue surges to P802m
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?