The Bank of Namibia (BoN) is expected to uphold the current repo rate of 7.75% during Wednesday’s monetary policy announcement, aligning with the momentum set in February’s pronouncement, analysts have projected. The BoN’s Monetary Policy Committee (MPC) is expected to maintain the repo rate until South Africa’s cutting cycle resumes in the second half of...
Martin Endjala Omake Charity Board Chairperson, Eddy Kgobetsi, says that Namibians need to create a culture of self-sufficiency to navigate the scourge of the inflation rate. He was responding to the current repo rate which stands at 7.75 percent, and it is anticipated to remain unchanged, following South African Reserve Bank (SARB) decision to maintain...
Recently, consumers received positive news with the announcement of an unchanged repo rate alongside an unchanged in fuel prices across Namibia. While these developments may seem distant from the average person’s daily concerns, they hold significant implications, particularly for members of the Government Institutions Pension Fund (GIPF). Let’s delve into what these announcements mean for...
Business Reporter THE Bank of Namibia’s Monetary Policy Committee (MPC) has announced that the repo rate will remain unchanged at 7.75%. The maintenance of the repo rate at its current level comes at a time when economic analysts expected the repo rate to be reduced by 0.25 basis points on the 14 February 2024 as...
Martin Endjala In a move to justify its decision to maintain the repo rate at 7.75 percent, a level kept since June 2023, the Governor of the Bank of Namibia (BoN), Johannes !Gawaxab said that despite many wanting the central bank to reduce the repo rate, the benefits outweigh the costs. Most monitored central banks...
The Monetary Policy Committee (MPC) has opted to maintain the repo rate at 7.75 %, the Bank of Namibia Governor, Johannes !Gawaxab announced on Wednesday. Consequently, the prime lending rate remains unchanged at 11.50%. This decision comes in the wake of careful consideration of both global and domestic economic conditions, he said. “With real interest...
The Bank of Namibia (BoN) will maintain its current repo rate of 7.75% at Wednesday’s monetary policy announcement, potentially marking the end of the recent rate-hiking cycle, analysts have projected. Max Rix, Head of Research at Simonis Storm, highlighted the expected stance of the BoN, stating the strategic pause is underpinned by a moderating inflationary...
The Bank of Namibia concluded its final Monetary Policy Committee (MPC) meeting of the year on Wednesday, delivering a much-anticipated announcement: the repo rate will hold steady at 7.75%. In tandem, the prime rate also remains unchanged at 11.5%. This decision aligns with other major central banks, including the Federal Reserve, South African Reserve Bank,...
