Monetary Policy Committee to discuss repo rate later this month

While the Bank of Namibia has opted to maintain the repo rate at 7.75 percent, they are now gearing up for a crucial interest rate decision at the upcoming Monetary Policy Committee meeting scheduled for 23 and 24 October 2023. Cirrus Capital economist Robert McGregor shares his expectations.

Meanwhile, central banks in various countries are also expected to keep their rates unchanged, from Australia to India. Policymakers in Washington and Frankfurt are cautiously optimistic about progress in their battle against inflation. According to Bloomberg News, the European Central Bank is awaiting September’s inflation data before its meeting on 26 October 2023.