Namibia’s current repo rate is less restrictive than others

Martin Endjala The real repo rate in Namibia is currently at 1.45 percent and is deemed to be less restrictive compared to real central bank policy rates in other emerging markets. Economist, Theo Klein, told this publication that the real repo rate in Namibia has been positive since April 2023 because the monetary policy has been restrictive for the last two and a half months. “Due to the lag effect of monetary policy, the cumulative 300bps hikes from December 2021 to December 2022 have not had an impact on the real economy as yet,” said Klein. He said further rate…