Essential Purchases

By Samuel Linyondi, Bank Windhoek’s Strategic Communication Manager In October, the Bank of Namibia (BoN) left the repo unchanged at 7.75%, the highest in the past 14 years. If a repo rate increases, borrowing becomes more expensive, and product and service prices increase for consumers. The repo rate is one of the monetary tools to either control inflation or stimulate demand. Conversely, inflation is the rate of price increase over […]