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Tuesday, 3 November 2026
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Tuesday, 3 November 2026
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Botswanan press · Organization

Monetary Policy Committee

Monetary Policy Committee — Bank of Botswana's decision-making body that sets the policy rate and monitors inflation against its 3–6 percent target range.

2026-05-042026-11-03

News reports

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In coverage

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  1. November 2026
  2. Weekend Post

    … The decision, delivered after a meeting of the Bank of Botswana’s Monetary Policy Committee, keeps the Monetary Policy Rate anchored at 5.5 percent and signals that policymakers are prepared to wait out a stubborn price surge rather than choke off a fragile recovery. …

    Bank of Botswana maintains rates as inflation cools but refuses to yield
  3. Botswana Sunday Standard

    … The decision, announced on Thursday following the Monetary Policy Committee (MPC)’s two days meeting, comes as inflation, although easing, remains above the central bank’s medium-term objective range of 3 to 6 percent. …

    BoB holds MoPR at 5.5%
  4. Daily News Botswana

    … Presenting the Monetary Policy Committee (MPC) report in Gaborone on October 30, Bank of Botswana Governor, Mr Lesego Moseki indicated that externally, elevated prices for oil, gas, fertilisers and industrial inputs resulting from the ongoing conflict in the Middle East, were als …

    El Nino threat to inflation outlook
  5. September 2026
  6. Weekend Post

    … Deputy Governor Dr Kealeboga Masalila provided insights in response to inquiries about the Monetary Policy Committee’s stress testing results, focusing on commercial real estate (CRE) debt-servicing risks, potential defaults, and exposure to interest rate fluctuations. …

    Stress tests indicate commercial real estate risks remain manageable
  7. August 2026
  8. Weekend Post

    … Despite these challenges, the Monetary Policy Committee (MPC) has kept the policy rate steady at 5.5 percent, balancing the need to curb inflation with concerns about fragile economic growth and rising business expenses. …

    Botswana’s economic growth falters amid persistent inflation pressures
  9. Daily News Botswana

    Delivering the Monetary Policy Committee (MPC) statement recently, the bank’s governor, Mr Lesego Moseki attributed the decline primarily to the downward adjustment of domestic fuel prices on July 7, which shaved 2.3 percentage points off headline inflation. …

    BoB holds inflation outlook above target range
  10. Botswana Sunday Standard

    … The decision was taken by the Monetary Policy Committee (MPC) on Thursday as inflation fell from 10.7 percent in June to 9.4 percent in July. …

    Bank rate held at 5.5%
  11. June 2026
  12. Weekend Post

    … At a recent Monetary Policy Committee briefing, officials from the Bank of Botswana revealed that the government collected over P4 billion from diamond royalties and dividends during this period, an increase over the same quarter last year. …

    Botswana’s diamond sales surge past P9 Billion
  13. May 2026
  14. Weekend Post

    … Reflecting these pressures, the Bank of Botswana’s Monetary Policy Committee recently raised the Monetary Policy Rate by 200 basis points, from 3.5 percent to 5.5 percent. …

    World Bank Forecasts Steep Rise in Energy and Commodity Prices
  15. Botswana Sunday Standard

    … Governor Lesego Moseki said the Monetary Policy Committee is concerned that lenders continue to increase effective lending rates by widening margins above Prime Lending Rates, despite guidance aimed at stabilising conditions in the credit market. …

    Banks widen lending margins, undercut BoB policy stance
Business

Bank of Botswana holds rate at 5.5% as inflation moderates

The News

The Bank of Botswana's Monetary Policy Committee voted unanimously to keep the Monetary Policy Rate unchanged at 5.5 percent despite consumer price inflation easing to 7.8 percent in September. The decision reflects policymakers' intention to balance inflation control against supporting economic recovery, even as underlying inflation remains above the bank's 3-to-6 percent target range.

17 hours ago · Weekend Post →

Yesterday

  1. Bank of Botswana holds rate at 5.5% as inflation moderates

    The Bank of Botswana's Monetary Policy Committee voted unanimously to keep the Monetary Policy Rate unchanged at 5.5 percent despite consumer price inflation easing to 7.8 percent in September. The decision reflects policymakers' intention to balance inflation control against supporting economic recovery, even as underlying inflation remains above the bank's 3-to-6 percent target range.

    17 hours ago · Weekend Post →

  2. Bank of Botswana holds monetary policy rate at 5.5%

    The Bank of Botswana maintained its Monetary Policy Rate at 5.5 percent and lifted restrictions on commercial banks' independent adjustment of prime lending rates, citing elevated but easing inflationary pressures that remain above the central bank's medium-term target range of 3 to 6 percent.

    21 hours ago · Botswana Sunday Standard →

  3. El Niño poses upside risk to inflation outlook

    Bank of Botswana Governor Lesego Moseki warned that El Niño effects including below-normal rainfall, droughts, and crop failure present an additional upside risk to the inflation outlook, alongside external pressures from Middle East conflict-driven commodity prices and global trade tensions.

    2 November 2026 · Daily News Botswana →

Monday 7 September

  1. Bank of Botswana stress tests show managed real estate risks

    The Bank of Botswana's stress tests confirm that commercial real estate lending risks remain stable under moderate conditions, though vulnerabilities emerge in extreme scenarios. Deputy Governor Kealeboga Masalila said risks are mitigated through banks' internal controls, regulatory oversight, and collateral such as mortgages.

    7 September 2026 · Weekend Post →

Monday 31 August

  1. Bank of Botswana warns of persistent inflation amid weak growth

    Bank of Botswana Governor Lesego Moseki has warned that businesses and households should prepare for ongoing inflationary pressures from rising fuel and electricity costs, livestock movement restrictions, and global geopolitical tensions. The Monetary Policy Committee has kept the policy rate steady at 5.5 percent while headline inflation remains above the central bank's medium-term target range and economic expansion has been modest.

    31 August 2026 · Weekend Post →

  2. Bank of Botswana expects inflation above target until Q1 2027

    The Bank of Botswana's Monetary Policy Committee projects inflation will remain above its target range until the first quarter of 2027, driven by persistent supply-side pressures including high fuel costs and elevated electricity tariffs. The bank forecasts inflation will average 7.9 per cent in 2026 before easing to 4.9 per cent in 2027, with upside risks stemming from potential second-round effects from fuel and tariff increases, food inflation tied to Foot and Mouth Disease restrictions, and external pressures from Middle East conflict and global trade tensions.

    31 August 2026 · Daily News Botswana →

Sunday 30 August

  1. Bank of Botswana holds Monetary Policy Rate at 5.5%

    The Bank of Botswana kept its Monetary Policy Rate at 5.5 percent despite inflation falling from 10.7 percent in June to 9.4 percent in July, which remains above the central bank's 3–6 percent medium-term target.

    30 August 2026 · Botswana Sunday Standard →

Wednesday 24 June

  1. Botswana's Q1 2026 diamond sales exceed P9 billion

    Botswana's diamond sales topped P9 billion in the first quarter of 2026, with the government collecting over P4 billion from diamond royalties and dividends during the period. Foreign exchange reserves currently sit at approximately P58 billion.

    24 June 2026 · Weekend Post →

Tuesday 12 May

  1. World Bank warns Middle East conflict driving commodity price surge

    The World Bank Group warns that the Middle East conflict is causing the largest oil supply loss on record, with global commodity prices forecast to rise 16 percent in 2026 and energy prices expected to surge 24 percent, fueling inflation and slowing growth in import-dependent economies like Botswana.

    12 May 2026 · Weekend Post →

Monday 4 May

  1. Banks widen lending margins against BoB guidance

    Commercial banks are raising effective lending rates by widening margins above Prime Lending Rates, moves the Bank of Botswana's Monetary Policy Committee says dilute its recent policy signals aimed at stabilizing credit market conditions.

    4 May 2026 · Botswana Sunday Standard →

Monetary Policy Committee — Botswanan press coverage · Botswana Minute