24
Aug
Josef Kefas Sheehama The annual inflation rate recorded for July 2023 was 4.50%, a steep decrease compared to 5.30% recorded in June 2023. Keeping the repo rate steady is particularly motivating for aspiring, first-time home buyers, whose appetite for home ownership remains consistent. The Bank of Namibia has left its key interest rate unchanged. The monetary policy committee (MPC), voted unanimously to keep the benchmark repurchase, or repo rate unchanged at 7.75 per cent. With no change in the policy rates there will be no immediate impact on the consumer monthly commitments such as home loan, car loan and personal…