Bank Of Namibia Will Cut Policy Rate By End-2024, Following April Hold
Country Risk / Namibia / Tue 23 Apr, 2024
Key View
- We forecast that the Bank of Namibia (BoN) will begin its monetary easing cycle in Q3 2024, cutting the repo rate by 50 basis points (bps) to 7.25% by end-2024.
- The BoN will aim to safeguard the Namibian dollar’s one-to-one peg with the South African rand which will prompt it to closely follow the SARB’s monetary policy decisions.
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