The Bank of Namibia reduces the repo rate

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.

December 4, 2024 10

Business / Economics

Bank of Namibia Set to Announce New Repo Rate

With the Bank of Namibia’s repo rate decision set for later today, consumers are preparing for potential changes to borrowing costs and savings. The central bank maintained the repo rate at 7.25% during its last monetary policy update. Cirrus Capital economist Robert McGregor noted that while GDP growth is positive, private sector credit extension continues to lag.

December 4, 2024 18

Business / Economics

Bank of Namibia Reduces Repo Rate to 7.50%….

The Bank of Namibia announced a reduction in the repo rate from 7.75% to 7.50%, marking a shift after a series of rate hikes that began in February 2022. As a result, commercial banks’ prime lending rate will decrease from 11.5% to 11.25%. Cirrus Capital economist, Robert McGregor.

August 15, 2024 25

Namibia

Paratus Namibia Doubles Market Cap with N$600 Million Capital Raise

Paratus Namibia, under Managing Director Andrew Hal, raises over N$600 million through a recent Rights Issue and investment campaign, doubling its market capitalization on the Namibian Stock Exchange. The capital comes from various investors, including the Paratus Group, employees, institutional, and retail investors. Cirrus Capital's economist Robert McGregor.

May 17, 2024 43

Namibia

Bank of Namibia Maintains Repo Rate at 7.75%: Economist weighs in on consumer spending

The Bank of Namibia has announced its decision to retain the repo rate at 7.75%. This move aligns with the forecasts of economist Robert McGregor from Cirrus Capital, meeting the expectations set prior to the regulator's Monetary Policy Committee meeting.

April 18, 2024 25

Business / Economics

Bank of Namibia Monetary Policy Committee Announcement Set for April 17

The upcoming Bank of Namibia Monetary Policy Committee announcement is slated for April 17. Notably, the Bank of Namibia's most recent interest rate decision maintained the Repo Rate at 7.75 percent. In comparison, the South African Reserve Bank's repo rate presently sits at 8.25 percent. Economist Robert McGregor from Cirrus Capital provided insights into the matter.

April 16, 2024 41

Namibia

Economist Discusses Potential Impact of Electricity Supply Concerns on Namibia

As winter approaches, concerns arise regarding the supply of electricity from neighboring countries, particularly South Africa. Robert McGregor, an Economist from Cirrus Capital, sheds light on the potential impact this could have on Namibia's electricity supply.

March 28, 2024 49

Business / Economics

The Alexforbes Lead Story – 29 February 2024

Gary speaks to local economists Ruusa Nandago, Angelique Bock, and Robert McGregor to get their thoughts on this year's National Budget. https://iono.fm/e/1411070

March 1, 2024 40

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Business / Economics

Local Economics Analyst on Namibia’s Record-Breaking N$100.1 Billion Budget Unveiled by Finance Minister Shiimi

Finance and Public Enterprises Minister Iipumbu Shiimi presented Namibia's largest-ever annual budget on Wednesday, outlining a projected government spending of N$100.1 billion for the 2024/2025 financial year. Cirrus Capital economist Robert McGregor provides insights.

February 29, 2024 45 2