The country’s commercial banks recorded collective after-tax profits of P2.3 billion in the first nine months of the year, putting them on track to break the all-time full year record of P2.7 billion set last year.

Declining fuel and food prices helped push inflation down to 4.6% in June, from 5.7% in May, the lowest level since March 2021.

The country’s commercial banks recorded collective after-tax profits of P529.6 million in the first three months of the year, an increase of more than P77 million from the corresponding period in 2021.

The rate of inflation remained at 10.6% in February, unmoved from January, with marginal price movements of various goods and services between the two months, a Statistics Botswana report released today indicates.