By: Justicia Shipena
Economists anticipate that the Bank of Namibia may opt to keep the repo rate unchanged rather than implementing a cut or increase in response to the slowing inflation.
Currently, the repo rate stands at 7.75%, a level that has remained unchanged since December 2023.
Economist Mally Likukela believes the repo rate will remain stable, citing consistent factors influencing the decision since the last MPC meeting.
“The factors prompting the MPC to adjust the rate necessitate specific changes, which have not occurred since the last meeting. Inflation has even shown improvement, and overall macroeconomic conditions remain stable. Therefore, if the MPC were to consider these factors, the logical step would be to support and sustain growth,” he explained.
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