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    Josia Shigwedha

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    Josia Shigwedha

Monetary Policy

49 Results / Page 1 of 6

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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

Bank of Namibia Governor Johannes !Gawaxab to step down at year-end

The Bank of Namibia has announced that Governor Johannes !Gawaxab will step down on 31 December 2025, concluding more than five years in office. Appointed initially in June 2020 and later for a full five-year term, Gawaxab steered the bank through a turbulent period for the economy. Under his leadership, the bank executed a sharp 400-basis-point increase in interest rates during the 2022–2023 cycle and successfully managed inflation averaging 3.6 […]

today19 November, 2025

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Business / Economics

Namibia Welcomes South Africa’s Lower Inflation Target

  The Bank of Namibia's Naufiku Hamunime, Deputy Director of Corporate Communications and Sustainability, welcomed South Africa’s decision to lower its inflation target to 3 percent, saying it will bring long-term benefits for Namibia through the Common Monetary Area. With Namibia’s dollar pegged to the rand, aligning key monetary indicators like interest rates helps maintain stability, while membership in the bloc continues to provide price stability, lower transaction costs, and […]

today18 November, 2025

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Business / Economics

All Eyes on Bank of Namibia’s Interest Rate Announcement

The Bank of Namibia’s Monetary Policy Committee is expected to announce its latest interest rate decision today. With the repo rate at 6.75% and South Africa’s at 7.25%, economists say the move could influence inflation and currency stability. Cirrus Capital’s Robert McGregor provided his outlook before the announcement.  

today15 October, 2025

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Namibia

FirstRand Namibia says ATM upgrades needed to process new notes

FirstRand Namibia has announced that its FNB ATMs are currently unable to accept the Bank of Namibia’s newly issued banknotes for deposits. According to the bank, the machines can still dispense cash as usual. Still, technical upgrades are needed to enable them to recognise and process the new notes when customers make deposits. Group communications manager at FNB Namibia Kirsty Watermeyer: The Bank of Namibia recently introduced redesigned banknotes featuring […]

today6 October, 2025

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Business / Economics

BoN Sees Slower Growth, Launches Data Hub 

The Bank of Namibia projects 3.5% GDP growth this year due to weaker manufacturing and US tariffs on diamonds. Governor Johannes !Gawaxab said gold will be accumulated to strengthen reserves, while Acting Deputy Director Naufiku Hamunime highlighted the launch of the Data Sphere platform for public access to key economic data. 

today21 August, 2025

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Business / Economics

Bank of Namibia Engages MPs on Economy and Reform.

The Bank of Namibia, led by Governor Johannes !Gawaxab and Deputy Governor Ebson Uanguta, held a statutory engagement with Parliament’s Standing Committee on Economy and Industry, Public Administration and Planning. The meeting focused on regulatory reforms, economic resilience, and financial inclusion, with updates on inflation and consumer protection. Josefina Oskar from the BoN.   

today26 June, 2025

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Business / Economics

BoN Set to Announce Rate Decision Today.

The Bank of Namibia is expected to reveal its latest repo rate decision today, with the current rate standing at 6.75%. While South Africa recently lowered its repo rate to 7.25%, narrowing the interest rate gap between the two countries, experts have emphasized the importance of maintaining the dollar peg. Economist Robert McGregor from CIRRIUS Capital shared his outlook on the upcoming decision.

today18 June, 2025

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Business / Economics

U.S inflation eased slightly in January

  U.S inflation eased slightly in January according to new figures — raising questions about possible rate cuts in the coming months. At the same time, figures revealed Americans spending slowed more than what was forecast for January. Mitch McCann reports  

today1 March, 2025