Monetary Policy Committee (MPC) of the Bank of Namibia

Cost of money, living show no respite

Cost of money, living show no respite

Tujoromajo Kasuto The Monetary Policy Committee (MPC) of the Bank of Namibia decided to increase the Repo rate by 75 basis points to 5.50 percent from 4.75 after its bi-monthly meeting on the 15th and 16th of August. Simonis Storm analyst Theo Klein said that the repo rate remains low relative to inflation in Namibia and South Africa, suggesting that monetary policy is accommodative at the moment. He observes that the repo rate has never been so low compared to inflation in the last 10 years, both in Namibia and South Africa. However, the gap is narrowing as the pace…
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