Inflation Slows to 9.4%
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2 Articles
Inflation slows to 9.4%
Sunday Standard Inflation slows to 9.4% Botswana’s inflation slowed in July as a sharp drop in fuel prices eased transport costs, offering relief to consumers and businesses after prices surged earlier this year. Annual inflation fell to 9.4 percent from 10.7 percent in June, according to Statistics Botswana. The 1.3 percentage-point decline followed a 6.5 percent drop in the transport index, the largest monthly decline among major spending gro…
An economics professor does not want to see further policy rate increases and says that restraint and economic contraction are needed to stem rising inflation. To do this, the progress of the economy needs to slow down. Even higher interest rates could unnecessarily drag down the economy and have a negative impact on households, companies and the construction industry. Most analysts believe that interest rates will be raised by 0.25 percentage p…
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