Sharp hike in repo rate anticipated

Martin Endjala Experts in the economic sphere are anticipating the Bank of Namibia to hike the repo rate by 25 basis points or more for the fourth time this year because of the prevailing inflation rate. All eyes will be glued on the BoN headquarters in anticipation of when the Monetary Policy Committee (MPC) pronounce itself on the fate of the repo rate in Namibia later today. Simonis Storm Economist Theo Klein is of the view that a 25-basis points hike looks very likely and would be the responsible thing to do given the current financial position of the average…