The Bank of Namibia deviated from South African monetary policy for the first time this year, raising borrowing costs by a quarter percentage point over concerns that a bigger increase would constrict demand and crimp economic growth.
(Bloomberg) Namibia’s central bank lifted its key interest rate for a second straight meeting to safeguard its currency peg with South Africa’s rand and help counter inflationary pressures stemming from Russia’s invasion of Ukraine.
(Bloomberg) Namibia raised its key interest rate for the first time in six years, safeguarding its currency peg with South Africa’s rand.
The monetary policy committee lifted the rate by 25 basis points to 4%, Governor Johannes !Gawaxab told reporters Wednesday in the capital, Windhoek.
Namibia to partake in 5th GITFIC conference in Ghana happyghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from happyghana.com Daily Mail and Mail on Sunday newspapers.
Namibia Central Bank Holds Interest Rate at Record-Low 3 75% bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.