BoN expected to raise rates

Tujoromajo Kasuto With South Africa’s Monetary Policy Committee having raised their repo rate by 50 basis points, economist from local research firm Simonis Storm, Theo Klein expects the Namibia Central Bank to follow suit with a hike of the same margin when the Monetary Policy Committee meets on 15 June. Similar to other emerging markets, Namibia has a negative short-term real interest rate and a sizable positive real interest rate, Klein said. Thus, short term rates represent central bank policy rates less current headline inflation, whereas long term rates are 10-year government bond yields less inflation. Additionally, this is subsequent…