November 30, 2022

JUST IN: Repo rate to end year at 6.75%

The Bank of Namibia (BoN) announced a 50 basis points increase in the repo rate from 6.25% to 6.75%. That means the prime lending rate for local commercial banks will increase from 10% to 10.50%. https://q.my.na/9BY7WATCH the Bank of Namibia’s monetary policy announcement here.

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