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

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Photo by Damir Babacic © Unsplash / Namibia
Photo by Damir Babacic © Unsplash
  • 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.

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