Botswana’s central bank held its key interest rate at 2.4%, citing a notable decrease in headline inflation, which fell from 3.9% in February to 2.9% in March, mainly due to the diminishing impact of last year’s rise in domestic fuel prices and is expected to drop further to 2.3% in April. However, inflation is projected to return within the bank’s target range of 3% to 6% by Q3 2024, with an average inflation rate of 3.2% anticipated for the year and 5% for 2025.