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Country or currency union Central bank interest rate (%) Change Effective date of last change Average inflation rate 2017–2021 (%) by WB and IMF [1] [2] as in the List Central bank interest rate
The Bank of Namibia (BoN) is the central bank of Namibia, whose establishment is enshrined in Article 128 of the Namibian Constitution. It is located in the capital city of Windhoek . The Bank of Namibia was established in 1990 [ 2 ] by the Bank of Namibia Act, 1990 (Act 8 of 1990). [ 3 ]
Namibia's central bank raised its main lending rate by 50 basis points on Wednesday to 6.75%, tightening policy to help fight inflation but holding off from a larger hike to support economic growth.
The economy of Namibia has a modern market sector, which produces most of the country's wealth, and a traditional subsistence sector. Although the majority of the population engages in subsistence agriculture and herding, Namibia has more than 200,000 skilled workers and a considerable number of well-trained professionals and managerials.
This product offers flexibility, but with interest rate and bank stability risk. It is a product for short-term liquidity. OBB offers the benefits of Treasury bills (counts as liquid asset) while removing the rediscounting risk associated with carrying Treasury Bills. A casual look at OBB might liken it to a Repo. Though OBB and Repo/Reverse ...
The current prime rate is 5.50%, up from 4.75% in June. It went into effect July 28, 2022. This is the fourth time in 2022 that the Federal Reserve has increased the prime rate.
Windhoek, Namibia: Founded: 18 January 1904 (old) 30 September 1992 (current) Owner: Members: Key people: David Nuyoma (Chairman) Tiaan Bazuin : Currency: Namibian dollar: No. of listings: 44 which include 4 Commodity ETF’s (2017) Market cap: N$2 trillion (Sep 2018) Volume: N$13.859 billion (Aug 2018) Website: nsx.com.na
The banking sector in Namibia is highly developed with modern infrastructure, such as online banking, cellphone banking etc. The Bank of Namibia (BoN) is the central bank of Namibia, according to the Namibian Constitution, is to "serve as the State’s principal instrument to control the money supply, the currency and the institutions of finance, and to perform all other functions ordinarily ...