Central Bank Rate Cut in Namibia
June 17, 2020
The Bank of Namibiaimplemented its fourth key rate reduction since February, a 25-basis point cut to a record low of 4.0% that brings the cumulative decline this year to 250 basis points. Inflation is now hovering near the medium-term target, and 4% is considered an appropriate rate level for mitigating the effects of the Covid-19 pandemic and for keeping Namibia’s currency steady against the South African rand.
Copyright 2020, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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