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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Inflationary Pressures

4 Results / Page 1 of 1

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Africa

Botswana’s Central Bank Holds Interest Rate Steady

  CNBCAfrica reports that Botswana’s central bank has decided to keep its main lending rate at 1.90% on Thursday, citing expectations that the economy will remain below capacity and not generate inflationary pressures due to a downturn in the global diamond market. This marks the second consecutive meeting where the rate has been left unchanged. The rate is applied through a seven-day instrument.

todayDecember 6, 2024 8

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Business / Economics

What does an unchanged Repo rate mean to a GIPF member?

    By Amos Kambonde, Manager: Marketing services at the Government Institutions Pension Fund.   Recently, consumers received positive news with the announcement of an unchanged repo rate alongside an unchanged in fuel prices across Namibia. While these developments may seem distant from the average person's daily concerns, they hold significant implications, particularly for members of the Government Institutions Pension Fund (GIPF). Let's delve into what these announcements mean for […]

todayFebruary 20, 2024 17

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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 […]

todayDecember 12, 2023 8

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Business / Economics

GDP growth to slowdown to 3.3% in 2023

FNB Namibia Economist, Ruusa Nandago has revealed that the country’s Gross Domestic Product growth is expected to moderate to 3.3% in 2023 and 2.8% in 2024, from 4.6% in 2022, mainly due to the dry weather conditions which will be compounded by a slowdown in consumption. Nandago explains how inflationary pressures have impacted consumers.

todayNovember 27, 2023 36

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