BoN expected to keep interest rates unchanged

CHAMWE KAIRA

Simonis Storm has said it believes the balance of economic indicators supports the Bank of Namibia keeping interest rates unchanged at its next Monetary Policy Committee meeting.

The firm said while persistent inflation reduces the likelihood of an interest rate cut in the near term, improving currency conditions and a narrowing contraction in net foreign assets provide some room for the central bank to pause, with future policy decisions expected to remain dependent on incoming economic data.