SARB keeps repo rate unchanged at 8.25%

Phillepus Uusiku
The repo rate differential between Namibia and South Africa is still 50 basis points after the South African Reserve Bank (SARB) decided to keep the repo rate unchanged at 8.25%. SARB’s fifth monetary policy announcement for the year took place yesterday. Year to date, SARB hiked the repo rate by 125 basis points. The repo rate in Namibia currently stands at 7.75%. Year to date, the Bank of Namibia (BoN) hiked the repo rate by 100 basis points. The fifth monetary policy announcement for the year by the Bank of Namibia is expected to take place on 25 October.-phillep@nmh.com.na