Bank of Botswana - Annual Report 2006
Rising inflation was the biggest policy challenge the Bank of Botswana faced in 2006. I
nflation rose from 11.4% in December 2005 to 14.2% in April 2006 following a series of domestic supply shocks and the devaluation of the pula currency in 2005. The central bank increased the interest rate by half a percent in February. This, along with moderate domestic demand, low levels of global inflation, and a dissipation of the effects of devaluation, caused inflation to fall to 8.5% by the end of 2006.
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