insert_link Business / Economics Corporate Borrowing Drives PSCE Growth Private Sector Credit Extension accelerated to 4.0% year-on-year in December 2024, the highest level since early 2023. The increase was fueled by stronger corporate credit demand, while household borrowing remained stagnant. Simonis Storm economist Almandro Jansen: today5 February, 2025
insert_link Business / Economics In S.A, the ANC welcomes Reserve Bank’s decision to cut the repo rate In S.A, the ANC has welcomed the South African Reserve Bank’s decision to cut the repo rate by 25 basis points, bringing the prime lending rate down to eleven-percent. The decision was split, with two of the six monetary policy committee members voting for an unchanged rate. The ANC’s spokesperson, Mahlengi Bhengu-Motsiri, says this much-needed adjustment provides relief to South African households and businesses struggling with high borrowing costs: […] today31 January, 2025
insert_link Business / Economics SA Reserve Bank eyes third consecutive rate cut The South African Reserve Bank (SARB) is expected to lower the benchmark interest rate by 25 basis points to 7.5% on Thursday, marking the third consecutive rate cut. The decision, expected to be unanimous among the six-member monetary policy committee, comes as the central bank navigates economic uncertainty driven by global factors. Governor of the SARB, Lesetja Kganyago Governor Lesetja Kganyago will announce the […] today30 January, 2025
insert_link 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: today20 December, 2024
insert_link Business / Economics US Fed cuts interest rate for third time in 2024 The US Federal Reserve has reduced interest rates by another quarter of a percent, its third consecutive cut of 2024. However, the central bank has signaled just two cuts in the coming year. Nick Harper reports from Washington. today19 December, 2024
insert_link Business / Economics European Central Bank cuts interest rates The European Central Bank has cut interest rates again suggesting that efforts taken to curb inflation remain on track. It's the fourth time the ECB has cut rates this year with the deposit rate now set at three percent. William Denselow is in Brussels for us. today13 December, 2024
insert_link 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. today6 December, 2024
insert_link 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. today4 December, 2024
insert_link 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. today21 November, 2024
