Positive growth for two consecutive years without the tax hike effects The consumption tax hike in April 2014 from 5 percent to 8 percent exerted large adverse impacts on Japan’s economy. So, in assessing the effectiveness of QQE, it is important to look at the economic performance by excluding the estimated impacts of the tax hike.
Therefore, in a broad sense, the intent is to project the relevance and role of the Bank of Botswana in contributing to the journey towards highincome status for Botswana.