By carrying out this responsibility of controlling inflation, the Bank contributes, along with other Government policies, to the ultimate objective of promoting a stable macroeconomic environment. This supports rising incomes and living standards for Batswana, along with other national objectives, especially economic diversification which, in turn, depends on export competitiveness.
Last September, the FOMC decided to implement the “Maturity Extension Program,” which affected the maturity composition of our Treasury holdings as shown in the right panel.