insert_link Namibia Bank of Namibia Concludes Inaugural Monetary Policy Strategy Session The Bank of Namibia has concluded its inaugural Monetary Policy Strategy Session, aimed at enhancing the understanding and implementation of monetary policy. The session, attended by key stakeholders such as the Monetary Policy Committee, Board members, and essential staff, provided valuable education and insights into the intricate process of policy formulation. Naufiku Hamunime, the Acting Director of Strategic Communications and International Relations at the Bank, highlighted the significance of this […] todayFebruary 20, 2024 12
insert_link Business / Economics Local analyst examines economic outlook amid rate cut predictions South Africa's Standard Bank chief economist Goolam Ballim expects four 25 basis point cuts in 2024 starting in the second quarter, and taking the repo rate to 7.25% by year-end. He forecasts economic growth to rebound moderately in 2024 to 1.2%. We asked local Research Analyst at IJG Research, Angelique Bock if she agrees with him. todayFebruary 13, 2024 19
insert_link Business / Economics Bank of Namibia expected to cut repo rate by 25bps as inflation cooling By Josef Kefas Sheehama At its first Monetary Policy Committee meeting of 2024, on the 14 February 2024, the Bank of Namibia is expected to cut its Repo Rate by 25 basis points. All of Namibian’s banks now expect the Bank of Namibia to cut its Repo Rate target by 0.25 basis points on the 14 February 2024, which would bring its key lending rate to 7.50%. This […] todayFebruary 13, 2024 41
insert_link Business / Economics Ripples of 2023: FBS’s insight on the 2024 global financial outlook With 2023 coming to an end, leading global broker FBS looks back at the significant economic events and delves into the perspective of the financial landscape in 2024. FBS financial market analysts point out that next year, financial markets will stand at the cusp of transformation under the influence of the US economy, global and local military conflicts, and the sprawl of AI. As FBS experts further stress, the cautious stance […] todayDecember 19, 2023 5
insert_link Business / Economics Stocks track record day on Wall St, dollar extends losses Equity markets rallied Thursday and the dollar extended losses after the US Federal Reserve indicated it would begin cutting interest rates next year. The surge across the region tracked a record-breaking day on Wall Street, where traders cheered a much-sought-after dovish pivot from the central bank as US inflation comes down. After more than a year of hiking, decision-makers at their last meeting of the year acknowledged that they […] todayDecember 14, 2023 4
insert_link Business / Economics Bank of Namibia maintains repo rate at 7.75% The Bank of Namibia has decided to keep the repo rate unchanged at 7.75 percent, resulting in the prime lending rate remaining stable at 11.50 percent. Here is Governor Johannes !Gawaxab addressing the decision. The next meeting of the MPC will be held on 12 and 13 February 2024. todayDecember 6, 2023 34
World Asian markets drop as traders temper rate cut bets Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far, forcing traders to take a step back. Markets surged last month as data pointing to slowing inflation and softer job markets combined with a dovish turn by Federal Reserve officials to stoke expectations they will next year begin loosening monetary policy. Those hopes […] todayDecember 5, 2023 4
insert_link Business / Economics South Africa’s consumer inflation increases to 5.9-percent in October South Africa’s annual consumer inflation increased for a third consecutive month in October, bordering on the upper limit of the South African Reserve Bank’s inflation target range. The headline rate was 5.9 percent, up from 5.4 percent in September. The consensus among economists before the inflation number was that the Reserve Bank will keep rates on hold when it announces its decision tomorrow. todayNovember 22, 2023 6