BoN welcomes cut in interest rate spread

NAMPA

2025-10-02

WINDHOEK, 31 March 2025 - Governor of the Bank of Namibia, Johannes !Gawaxab (Photo: Contributed)

WINDHOEK, 02 OCT (NAMPA) – The Bank of Namibia (BoN) has welcomed the decision by commercial banks to reduce the spread between the repo rate and prime lending rates by a total of 25 basis points.
In a statement issued on Thursday, BoN Acting Deputy Director of Corporate Communications and Sustainability, Naufiku Hamunime said the adjustment will be implemented in two phases, with the first reduction of 12.5 basis points taking effect on 30 Septe...

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