insert_link Business / Economics The Year of Expectations: Converting uncertainty into opportunity By Josef Kefas Sheehama This time of year is always a welcome opportunity to reflect on what is most important. His Excellency Dr Hage G. Geingob, the President of the Republic of Namibia has declared 2024 as “The Year of Expectations”. As Namibia approaches the general elections in 2024, there is immense pressure on political leaders to tackle these economic challenges and implement policies that will deliver an inclusive […] todayJanuary 11, 2024 15
insert_link Business / Economics Ripples of 2023: FBS’s insight on the 2024 global financial outlook With 2023 coming to an end, leading global broker FBS looks back at the significant economic events and delves into the perspective of the financial landscape in 2024. FBS financial market analysts point out that next year, financial markets will stand at the cusp of transformation under the influence of the US economy, global and local military conflicts, and the sprawl of AI. As FBS experts further stress, the cautious stance […] todayDecember 19, 2023 5
insert_link Business / Economics Stocks track record day on Wall St, dollar extends losses Equity markets rallied Thursday and the dollar extended losses after the US Federal Reserve indicated it would begin cutting interest rates next year. The surge across the region tracked a record-breaking day on Wall Street, where traders cheered a much-sought-after dovish pivot from the central bank as US inflation comes down. After more than a year of hiking, decision-makers at their last meeting of the year acknowledged that they […] todayDecember 14, 2023 4
insert_link Business / Economics Namibia’s inflation to ease in 2024 Namibia's inflation is expected to moderate in 2024, continuing a trend of slowing inflation rates. Simonis Storm Securities projections suggest a potential easing to 5.1%, indicating a positive step towards economic equilibrium. The stockbroker and wealth management company notes a steady decrease in inflation rates, fostering a stable environment for businesses and consumers. todayDecember 12, 2023 12
insert_link Business / Economics Bank of Namibia maintains repo rate at 7.75% The Bank of Namibia has decided to keep the repo rate unchanged at 7.75 percent, resulting in the prime lending rate remaining stable at 11.50 percent. Here is Governor Johannes !Gawaxab addressing the decision. The next meeting of the MPC will be held on 12 and 13 February 2024. todayDecember 6, 2023 34
World Asian markets drop as traders temper rate cut bets Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far, forcing traders to take a step back. Markets surged last month as data pointing to slowing inflation and softer job markets combined with a dovish turn by Federal Reserve officials to stoke expectations they will next year begin loosening monetary policy. Those hopes […] todayDecember 5, 2023 4
insert_link Uncategorized Inflation again to dominate in week ahead on Wall Street Inflation will be in focus on Wall Street again this week with therelease of personal consumption expenditures data due out on Thursday. A number of Federal Reserve members are also expected to speak and traders will be looking for clues on when the Central Bank plans to start lowering interest rates. From New York William Denselow reports. todayNovember 27, 2023 10
insert_link Business / Economics Thought Leadership: Plan your bonus to last the long run 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 […] todayNovember 23, 2023 17
insert_link Opinion Pieces The Realized, Perceived, Expected Inflation in Namibia and Globe By Josef Kefas Sheehama Expectations about future inflation play a key role in driving inflation, as those views influence decisions about consumption and investment today. Therefore, the long-term relationship between household savings and anticipated inflation is evident from the cointegration test. Inflation remained uncomfortably rapid in October despite a moderate in fuel costs, but other commodities remain fragile. Namibia’s annual inflation rate increased by 6%, in October 2023. The constant […] todayNovember 22, 2023 10