#JustIn: SARB announces jumbo interest rate hike
The South African Reserve Bank (SARB) announced a 50 basis points increase in the repo rate from 7.25% to 7.75%, hiking the prime lending rate to 11.25% from 10.75%.
The Namibia dollar is pegged to the South African rand. The repo rate in Namibia currently stands at 7%, while the prime lending rate stands at 10.75%. The next monetary announcement by the Bank of Namibia is expected to take place on 19 April 2023.
#MarketWatch Online #NMHNews
The Namibia dollar is pegged to the South African rand. The repo rate in Namibia currently stands at 7%, while the prime lending rate stands at 10.75%. The next monetary announcement by the Bank of Namibia is expected to take place on 19 April 2023.
#MarketWatch Online #NMHNews
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