(220608) -- GABORONE, June 8, 2022 (Xinhua) -- Botswanan President Mokgweetsi Masisi speaks during the Botswana World Economic Forum (WEF) post-analysis seminar in Gaborone, Botswana, on June 8, 2022. Botswana is pursuing certain programs and projects in the green energy sector, as the southern African country seeks ways of transitioning from a resource-based economy to a knowledge-based one and creating jobs. President Mokgweetsi Masisi made this revelation Wednesday when giving a keynote address during the Botswana World Economic Forum (WEF) post-analysis seminar in Gaborone. (Photo by Tshekiso Tebalo/Xinhua) (Photo by Xinhua/Sipa USA)
BOTSWANA-GABORONE-BOTSWANA WORLD ECONOMIC FORUM POST-ANALYSIS SEMINAR
AMSTERDAM (AP) — The European Central Bank said it would carry out its first interest rate increase in 11 years in July, followed by another hike in September. The bank made the surprise move Thursday, saying that inflation had become a “major challenge” and that inflationary forces had “broadened and intensified.” The bank is making a sharp turn from supporting the economy during the COVID-19 pandemic to squelching inflation that has hit record levels in the 19 countries that use the euro. It also said will end its economic stimulus program next month. The pivot underlines concerns about the level of annual consumer price increases, which hit 8.1% in May. The bank’s target is 2%.
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