Precisely how low it should be is a subject of ongoing  5  Bank of Botswana Act, 1996. BIS Review 26/2004  3  debate, not only in Botswana but elsewhere where monetary or price stability has been recognised and accepted as the primary goal of monetary policy.
Experience has taught us that high and volatile inflation works against the efficient allocation of scarce resources by creating an environment that inhibits businesses and consumers from making sound investment and saving decisions, and sustainable growth is impossible without productive investment supported by adequate long term savings.