- Y-o-Y Inflation was 521% as at 31 December 2019 (FY2018: 42%) mainly driven by exchange rate depreciation and the alignment of fuel and electricity prices to the exchange rate.
- Average return on money market investments stood at 6% (FY 2018: 3%) compared to average annual inflation of 237.2%.
- The interbank exchange rate as at 31 December 2019 was USD1: ZWL16.77, and 85% depreciation since the removal of ZWL: USD parity in February 2019.
- ZSE All Share Index returned 57% (FY2018: 51%), the sub-inflationary attributed to
- – Diminished foreign investor participation
– Declining volume performance by some major listed entities - The IMF estimates Botswana’s GDP at 3.5% in 2019 (2018: 4.5%)
- The outlook for price stability remains positive as inflation is forecast to be within the 3% to 6% objective range in the medium term. Bank rate was maintained at 5%
- Year-on-Year Inflation was 2.2% as at December 2019 (FY2018: 3.5%)
- Overall, the economy is expected to operate close to, but below full capacity in the medium term.
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