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

Interest Rate Cut

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Business / Economics

Cirrus Capital’s Groenewald Offers Insight on Central Bank’s Interest Rate Decision

The Bank of Namibia In October lowered its main interest rate, citing a faster-than-anticipated decline in inflation and the need for economic support. At that point in time, the Monetary Policy Committee unanimously agreed to reduce the repo rate by 25 basis points, bringing it to 7.25%. Cirrus Capital economist Tannan Groenewald shares his outlook on what the Bank might do next. ENG Tannan Groenewald repo  

todayDecember 4, 2024 13

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Business / Economics

In S.A, BetterBond has welcomed repo rate cut

  In S.A, BetterBond has welcomed the 25 basis point repo rate cut to 7.75-percent. Head of Sales, Bradd Bendall, says slowing inflation is fostering a more favourable lending environment, by continuing the rate-cutting trend. Bendall says the decision provides relief for homeowners burdened by rising bond costs since November 2021. BetterBond reports a 30-percent jump in home loan activity in October, signalling a property market recovery: Meanwhile, still in […]

todayNovember 22, 2024 21

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