The Monetary Policy Committee of the Bank of Botswana announced the bank rate would remain unchanged at 9.5%. The Bank said: "The latest forecast, therefore, indicates that inflation will converge to the 3 - 6 percent medium- term objective range in the second half of 2012." Botswana recorded inflation of 8.5% in both March and February, up from 7.9% in January, and above the central bank's target, according to the Bank.
www.CentralBankNews.info
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