Overall, while pursuing its policy objectives and mandates, the Bank is committed to ensuring that macroeconomic policies are aligned and, accordingly, the policy choices and responses to promote price and financial stability are undertaken in the broader context and interest of fostering inclusive economic development and a building a broad-based, resilient economy.
Honourable  Minister,  Distinguished  Guests,  against  the  backdrop of this outline of the monetary framework and objectives, I will now address, in turn, first, the global trends that have influenced inflation in Botswana; second, I will report 7  on the conduct of monetary policy in 2021, internationally and here at home; and third, the medium-term inflation outlook and the likely policy stance in 2022.