Botswana: El Nino Threatens Inflation Outlook

Gaborone — El Nino effects including below normal rainfall, droughts, heatwaves, crop failure and livestock deaths present an additional upside risk to the inflation outlook.

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 also expected to continue exerting upward…