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    Josia Shigwedha

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    Josia Shigwedha

Interest Rate

3 Results / Page 1 of 1

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Business / Economics

Repo Rate Held at 6.50% to Support Stability

The Bank of Namibia has kept the Repo rate unchanged at 6.50% following its final MPC meeting of the year earlier this week. The committee said the decision helps maintain the Namibia Dollar–Rand peg while supporting the domestic economy.  Moderate economic growth, contained inflation, slower credit extension, a narrower trade deficit, and sufficient international reserves all shaped the decision. 

today4 December, 2025

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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

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World

Bank of Japan confident on reaching inflation goal

The Bank of Japan says it is optimistic the conditions will become right to tweak ultra loose monetary policy in the future. It held off any policy adjustments at its first policy meeting of the year on Tuesday, saying its waiting to sustainably hit its 2-percent inflation target. Chris Gilbert reports from Tokyo.  

today24 January, 2024