04
Dec
Martin Endjala The Monetary Policy Committee (MPC) of the Bank of Namibia reduced interest rates by 25 basis points to 7% on Wednesday. Consumers will now enjoy the relief of interest rates on mortgages and loans. According to the central bank’s governor, Johannes !Gawaxab, the move is to continue supporting the domestic economy while safeguarding the peg between the Namibian dollar and the South African rand. “This decision was reached following a comprehensive review of current and expected domestic, regional and global economic developments,” he explained. This was the sixth and final bi-monthly meeting of the MPC for 2024. He…
