Archive for June 17th, 2020

Central Bank Watch

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 […] More

New Overnight Developments Abroad - Daily Update

Dollar Little Changed Overnight

June 17, 2020

The dollar is narrowly mixed this Wednesday. In spite of concerns that attempts to reopen social activities could intensify the Covid-19 pandemic, stock markets mostly rose, with the notable exception of a 0.6% slide in Japan’s Nikkei-225. New Zealand’s market shot up 3.9%, and European bourses show gains today so far of 1.3% in Switzerland, […] More