Botswana’s central bank indicated scope to maintain accommodative policy, with Governor Cornelius Dekop noting inflation is projected at 3.5% in 2025 and 5.9% in 2026, compared with 2.7% and 4.6% at the June MPC meeting. Inflation is expected to temporarily exceed the target range in 2Q 2026 before moderating, while output is projected to remain below capacity in the medium term, limiting demand-driven price pressures.