Namibia set for bond boom as expected rate cut triggers investor rush

• Namibia’s central bank expected to cut its benchmark interest rate to 6.50% in August
• Analysts at Simonis Storm warn the window for locking in high yields is narrowing

WINDHOEK, NAMIBIA — The Bank of Namibia is expected to cut its key interest rate by 25 basis points from 6.75% to 6.50% when the central bank’s Monetary Policy Committee meets in the second week of August, analysts say.