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    Eppie’s breakthrough hints at a brighter future for Botswana’s 400m

    Eppie’s breakthrough hints at a brighter future for Botswana’s 400m

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    𝐃𝐞𝐛𝐬𝐰𝐚𝐧𝐚 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐬𝐞𝐝 𝐨𝐧 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐬𝐭𝐚𝐠𝐞 𝐰𝐢𝐭𝐡 𝐀𝐔𝐒𝐂 𝐦𝐞𝐝𝐚𝐥 𝐨𝐟 𝐇𝐨𝐧𝐨𝐮𝐫

    𝐃𝐞𝐛𝐬𝐰𝐚𝐧𝐚 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐬𝐞𝐝 𝐨𝐧 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐬𝐭𝐚𝐠𝐞 𝐰𝐢𝐭𝐡 𝐀𝐔𝐒𝐂 𝐦𝐞𝐝𝐚𝐥 𝐨𝐟 𝐇𝐨𝐧𝐨𝐮𝐫

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    Eppie’s breakthrough hints at a brighter future for Botswana’s 400m

    Eppie’s breakthrough hints at a brighter future for Botswana’s 400m

    Under Babitseng BFA will be transparent and accountable

    BFA slashes deficit and eyes bright future with financial reform and football revival

    Sports chief raises alarm over doping spike amid Region 5 triumph

    Sports chief raises alarm over doping spike amid Region 5 triumph

    𝐃𝐞𝐛𝐬𝐰𝐚𝐧𝐚 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐬𝐞𝐝 𝐨𝐧 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐬𝐭𝐚𝐠𝐞 𝐰𝐢𝐭𝐡 𝐀𝐔𝐒𝐂 𝐦𝐞𝐝𝐚𝐥 𝐨𝐟 𝐇𝐨𝐧𝐨𝐮𝐫

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    BTA seeks sponsorship to host World Junior Tennis tournament

    ‘International Tennis Tournaments Drive Economic Growth’- Thipe

    From Promise to Pause: The Support Gap Holding Back Botswana’s Female Athletes

    From Promise to Pause: The Support Gap Holding Back Botswana’s Female Athletes

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Namibia hikes interest rates hinting at ‘herd mentality’ as a reason

The Monetray Policy Committee (MPC) based its decision on the regional rise in interest rates and inflation expectations.

mm by Kitso Dickson
April 14, 2022
in News
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Namibia hikes interest rates hinting at ‘herd mentality’ as a reason

Namibia interest rate versus South Africa repo rate and Namibia CPI, Source: Bloomberg, RMB Markets

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In line with economists’ expectations, the Bank of Namibia opted to hike interest rates by 25 basis points (bp), taking the repo rate to 4.25 percent from 4.00 percent.

The Monetray Policy Committee (MPC) based its decision on the regional rise in interest rates and inflation expectations. “We reiterate that interest rates will continue to rise at a staggered rate (25bp at every meeting) over the remainder of the year,” RMB economist Daniel Kavishe wrote in his daily report. He says the risks of a higher once off adjustment will largely depend on whether inflation prints above the upper band of the target range for a sustained period. Meanwhile, he observed that private sector credit extension (PSCE) remains quite low and is likely to continue to grow at a slow pace given the rising interest rate environment amid an already challenging consumer environment.

Inflation in Namibia has been relatively subdued over the past five years, hovering between 2 percent and 6 percent. Primarily, subdued demand has kept prices anchored across the economy as general economic conditions remain lacklustre. According to RMB, the latest GDP print showed that the economy grew by 2.4 percent in 2021, with the market expecting annual growth to come in between 3.0 percent and 4.0 percent over the medium term. Kavishe expects inflation to increase, given rising fuel, food and other import costs. “Thus, we expect inflation to print above 6.0 percent over the next twelve months.

Tags: Bank of NamibiaDaniel KavisheMonetray Policy Committee (MPC)RMB

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