Moses D Pelaelo: Botswana's 2021 Monetary Policy Statement

Speech by Mr Moses D Pelaelo, Governor of the Bank of Botswana, at the launch of Botswana's 2021 Monetary Policy Statement, virtual, 23 February 2021.

The views expressed in this speech are those of the speaker and not the view of the BIS.

On behalf of the Board, Management and Staff of the Bank of Botswana, I am honoured and most delighted to present the 2021 Monetary Policy Statement. This year, however, due to the COVID-19 pandemic, which has disrupted the traditional ways of functioning, the launch of the Statement is virtual.

Honourable Minister, Distinguished Ladies and Gentlemen, notwithstanding the challenges we are facing or indeed, because of the reality of uncertainty and periodic episodes of high impact events, the publication and launch of the Monetary Policy Statement remains an important feature of policy making in the Bank's calendar of events. It is a key aspect of good governance, transparency and accountability in the formulation and implementation of monetary policy. The challenges we are currently confronted with happen to reinforce the criticality of these basic tenets of policy making and good governance.