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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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

Salomo Hei

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Business / Economics

South African Reserve Bank Keeps Repo Rate Unchanged, BoN Likely to Follow Suit

The South African Reserve Bank has decided to maintain the repo rate at 8.25%, with the prime lending rate at 11.75%. The Bank of Namibia, usually aligned with the SARB to uphold the currency peg, is expected to follow suit. Currently, Namibia's repo rate is at 7.75%. The BoN's upcoming monetary policy meeting on 14 February will provide further insights. Insights from Salomo Hei, Managing Director of High Economic Intelligence.

todayJanuary 26, 2024 22

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Namibia

Bank of Namibia will announce its decision on the repo rate today

The Bank of Namibia will announce its decision on the repo rate today. The central bank's Monetary Policy Committee decided to continue safeguarding the peg between the Namibian Dollar and the South African Rand while supporting the domestic economy and keeping the Repo rate unchanged at 7.75 percent in October. Managing Director of High Economic Intelligence, Salomo Hei explains his expectations.  

todayDecember 6, 2023 36