Bank of Namibia expected to cut repo rate by 25bps as inflation cooling

Bank of Namibia expected to cut repo rate by 25bps as inflation cooling

By Josef Kefas Sheehama At its first Monetary Policy Committee meeting of 2024, on the 14 February 2024, the Bank of Namibia is expected to cut its Repo Rate by 25 basis points. All of Namibian’s banks now expect the Bank of Namibia to cut its Repo Rate target by 0.25 basis points on the 14 February 2024, which would bring its key lending rate to 7.50%. This […]

February 13, 2024 38

Business / Economics

Emerging markets experience 9% drop in Foreign Direct Investment

Global foreign direct investment flows could rise modestly in 2024 after a marginal increase last year due to higher investment in some European economies, the United Nations trade body said on Wednesday. Emerging Markets have seen a decline in Foreign Direct Investment in 2023 by 9 percent to $841 billion. Meanwhile, developing Asian countries bore the brunt with a 12% decrease, and China reported an unusual 6% drop in FDI […]

January 18, 2024 8

Local

The Namibian financial system remains stable, sound, and resilient amidst a challenging global and domestic economic environment

The Macroprudential Oversight Committee (MOC)1 of the Bank of Namibia (the Bank) held its second and last meeting of the year on the 07th of December 2023, to assess potential risks and vulnerabilities in the Namibian Financial System. Following a comprehensive assessment of domestic and global economic conditions, the Committee deemed the domestic financial system as stable, sound, and resilient. This is despite increasing risks and vulnerabilities stemming from […]

December 12, 2023 7