BON CELEBRATES 35 YEARS AMID ECONOMIC TRIUMPHS AND PERSISTENT INVESTMENT CHALLENGES

BON CELEBRATES 35 YEARS AMID ECONOMIC TRIUMPHS AND PERSISTENT INVESTMENT CHALLENGES Source: Business Express The Bank of Namibia (BoN) marked a signifcant milestone last week, celebrating 35 years of steering the nation’s monetary policy and safeguarding financial stability. A high-profile event in the capital, officiated by President Dr. Netumbo Nandi-Ndaitwah and hosted by Governor Johannes […]

FINANCIAL INDICATORS

The Bank of Namibia’s fourth monetary policy announcement of the year took many by surprise, as the central bank opted to reduce the interest rate by 25 basis points, lowering the repo rate to 7.50% and the prime rate to 11.25%. This marks the first rate cut since the hiking cycle began in June 2022, […]