Namibia's central bank has lowered its inflation projection for 2023 to an average of 5.6 percent, down 0.4 percent from its previous forecast, due to unexpected deflation in the transport category, the Bank of Namibia (BoN) said Wednesday. BoN Governor Johannes Gawaxab highlighted this during a Monetary Policy Committee announcement.…
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Namibia's average inflation rate rose to 6.8 percent during the first five months of 2023 compared to 4.9 percent during the corresponding period in 2022, the Bank of Namibia (BoN) said Wednesday. Speaking at the monetary policy announcement, BoN Governor Johannes Gawaxab said going forward, overall inflation is projected to…
Namibia's overall inflation for 2023 has been revised upwards and it is projected to average 6.1 percent from a forecast of 5.3 percent previously, said the Bank of Namibia (BoN), the central bank, Wednesday. Speaking at the monetary policy announcement, BoN Governor Johannes Gawaxab said the revision was on account…
Namibia's central bank on Wednesday launched the country's first-ever automated regulatory reporting system, available to regulated and supervised entities licensed by the central bank to conduct banking, currency exchange, and payment service provision activities. The system provides an effective, reliable, and scalable way to detect and address any irregularities or…
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