The Bank of Namibia’s Monetary Policy Committee is expected to announce a third interest rate hike in six months. The Brief reports that the MPC will announce its latest interest rate decision on Wednesday and is increasingly expected to deliver a 50-basis point (bps) hike. Bank of Namibia Governor Johannes !Gawaxab has already hinted that another repo rate hike should be expected. FNB Namibia Group Economist Ruusa Nandago has, however, warned that if the MPC does not follow the South African Reserve Bank’s 50 basis point hike to 4.75%, the largest since January 2016, the country’s peg with the Rand will suffer.
