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

Interest Rates

35 Results / Page 1 of 4

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Business / Economics

BOJ keeps rates unchanged

  Japan’s central bank is leaving interest rates unchanged in a move widely expected by the market. Its chief, Kazuo Ueda, says a lack of clarity over wage trends and uncertainty over the U.S. economy is behind the decision. Chris Gilbert reports from Tokyo:  

todayDecember 20, 2024 12

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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

The Bank of Namibia reduces the repo rate

Consumers can expect some relief as the Bank of Namibia has lowered the repo rate by 25 basis points, bringing it down to 7%. This marks the central bank’s final rate decision for the year. Here is BoN Governor Johannes !Gawaxab speaking at today’s monetary policy announcement.     Cirrus Capital economist, Robert McGregor reacts to the development.  

todayDecember 4, 2024 10

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Business / Economics

Potential Global and Namibian Economic Impacts of a Trump 2.0 Presidency

    Theo Klein, an economist from Oxford Economics Africa in South Africa, warns that a second Trump presidency may negatively affect global markets, leading to higher inflation, interest rates, a stronger US dollar, and suppressed oil prices. For Namibia, the potential impacts include a slower interest rate cutting cycle and rising inflation as discussed by Klein alongside factors that could affect Namibia's economy.

todayNovember 21, 2024 15

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Business / Economics

S.A Union Urges Reserve Bank for Bigger Repo Rate Cut

  South African Union federation Cosatu urges the South African Reserve Bank to implement a larger-than-expected repo rate cut to help ease the financial strain on workers. Following the decrease in inflation to 2.8-percent in October, the federation believes a more significant rate reduction, beyond the anticipated 25 basis points, is needed to alleviate the burden on over-indebted households. Cosatu’s Zanele Sabela says high interest rates have forced workers to […]

todayNovember 21, 2024 19

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World

US Fed chair won’t resign if Trump demands

  US Federal Reserve Chairman Jerome Powell has said he will not resign if asked to by incoming President Donald Trump. He was speaking after the Fed dropped interest rates by another quarter of a percentage point. As Nick Harper reports from Washington.  

todayNovember 8, 2024 22

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South Africa

EFF has welcomed the consumer price inflation figures released by Statistics South Africa

In S.A, the EFF has welcomed the consumer price inflation figures released by Statistics South Africa, indicating a further decline from 4.4-percent in August to 3.8-percent in September. This marks the lowest inflation rate since March 2021. The EFF’s, Leigh-Ann Mathys, says this confirms the inflationary pressures faced by the country are not demand-driven, but a result of economic and global challenges that require a different monetary policy approach: Meanwhile, […]

todayOctober 24, 2024 27

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