Bank of Namibia

Central Bank Rates Hiked in Zambia and Namibia

February 15, 2023

th a reading of -5.8. Such had dropped in January by 21.7 index points to minus 32.9. U.S. mortgage applications dropped 7.7% last week in reaction to a 21-basis point rise in the 30-year fixed mortgage rate to 6.39%. Two central banks in Africa raised their key interest rates today. The Bank of Zambia‘s policy […] More

Optimism from the Vaccine and Policy Developments

December 9, 2020

Once again stocks have risen and the dollar fallen from optimism that the arrival of vaccines means the beginning of a return to a better normal. The focus on vaccines coincides with difficult trends in Covid cases, deaths and hospitalizations. New cases in theĀ  past 24 hours exceed 600k globally and 216k in the United […] More

Coronavirus Infections Kicking into Higher Gear

October 21, 2020

The trend in new cases of Covid-19 are intensifying and becoming more dispersed in both Europe, where many governments have been compelled to reimpose restraints on social activity, and the United States where the 24-hour increase again topped 60k. Optimism has swelled that a U.S. fiscal stimulus may get passed before the election. Talks continued […] More

Central Bank Rate Reductions in Namibia and Zambia

August 19, 2020

The Bank of Namibia’s repo rate was reduced by 25 basis points to a record low of 3.75%. This was the fifth cut since February, bringing the total drop since then to 275 basis points. The latest change matches the size of last month’s reduction at the South African Reserve Bank and will help maintain […] More