A downward rate of crawl of 2.87 percent of the nominal effective exchange rate is also being implemented in 2022, which entails marginal inflationary pressures as the Pula exchange rate depreciates through the downward crawl.
Nevertheless, the overriding focus is on maintaining global competitiveness of the domestic industry and support economic growth through maintenance of a stable real effective exchange rate (the composite Pula exchange rate adjusted for inflation differentials).