insert_link Business / Economics 17 October 2024 Biz News Economic and Market Highlights: Bank of Namibia Cuts Rates, Oil Sector Concerns, and Global Chip Market Outlook Bank of Namibia Cuts Interest Rate for Second Consecutive Time The Bank of Namibia has reduced its main interest rate for the second month in a row, citing a faster-than-expected drop in inflation and the need to bolster economic growth. In a unanimous decision, the central bank's Monetary Policy Committee lowered the repo rate by 25 basis points to 7.25%. This follows a similar cut in August as part of […] todayOctober 17, 2024 12