As the Bank of Namibia readies to announce the monetary policy decision on 13 April, economists expect the repo rate to be raised by 25 basis points, amid the pressures from food and fuel price increases. The Economist reports that Simonis Storms economist, Theo Klein forecasts a 25 basis point repo rate hike on 13 April and again on 15 June, during the next monetary policy announcement. This is on the back of the recent interest rate increase by the South African Reserve Bank in March, bringing the neighbouring country’s interest rate to 4.25%.
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