insert_link Business / Economics Namibia Welcomes South Africa’s Lower Inflation Target The Bank of Namibia's Naufiku Hamunime, Deputy Director of Corporate Communications and Sustainability, welcomed South Africa’s decision to lower its inflation target to 3 percent, saying it will bring long-term benefits for Namibia through the Common Monetary Area. With Namibia’s dollar pegged to the rand, aligning key monetary indicators like interest rates helps maintain stability, while membership in the bloc continues to provide price stability, lower transaction costs, and […] today18 November, 2025
insert_link Business / Economics Inflation ticks up in Eurozone Inflation ticked up to 2.3 percent in November across the Eurozone according to the Eurostat statistics agency. This puts prices above the European Central Bank's two percent target but the increase was expected. William Denselow reports from Brussels. today2 December, 2024
insert_link Business / Economics 18 October 2024 Morning Biz News: BoN to Launch Sustainability Forum, South Africa Eyes Lower Inflation, Nigeria Reaps Reform Benefits, UK Eases Fiscal Limits The Bank of Namibia , in partnership with the Ministry of Finance, NAMFISA, and various financial institutions, is preparing to introduce a coordinated forum to promote sustainability in the financial sector, according to The Brief. BoN Governor Johannes !Gawaxab announced that the platform, slated for launch in the coming weeks, will enhance coordination and collaboration on sustainability initiatives. In other financial news, South Africa’s central bank governor, Lesetja Kganyago, reaffirmed […] today18 October, 2024
insert_link Business / Economics SA’s inflation sinks below reserve bank target South Africa’s consumer inflation has dipped below the SA Reserve Bank's key target of 4.5%, cooling to 4.4% in August from 4.6% in July. News24 reports that this should seal the deal for an interest rate cut on Thursday. Economists expect a 25 basis-point cut following a meeting of the MPC on Thursday. Another cut of the same size is expected in November. today18 September, 2024
