(Adds context)
GABORONE, April 28 (Reuters) - Botswana's central bank
kept its monetary policy rate unchanged at 2.65% on
Friday, despite inflation rising in the latest month.
Inflation rose to 9.9% year on year in March
from 9.1% in February, far above the central bank's 3%-6%
preferred band.
"While it will fluctuate, inflation will trend downwards
in 2023 and is expected to reach the 3%-6% objective in the
second quarter of 2024," Bank of Botswana Governor Moses Pelaelo
told a news conference.
(Reporting by Brian Benza;
Writing by Anait Miridzhanian;
Editing by Alexander Winning)
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