Repo rate: Cuts only expected in latter half of 2027

October 28, 2026

Reaction has been received on the Bank of Namibia raising the repo rate by 25 basis points to 7%. The move was expected as consumer prices rose by 0.3% in September this year, with inflation coming in at 5.4%, up from 5% in August 2026 and 3.5% in September 2025. Future Media News spoke to Almandro Jansen, Economist at Simonis Storm.

The post Repo rate: Cuts only expected in latter half of 2027 appeared first on Future Media News.

Written by: Madeline

Renowned environmentalist reiterates support for marine phosphate

Namibian Chamber of Environment CEO Dr Chris Brown has defended marine phosphate mining, saying scientific assessments found its impact on commercial fish species and spawning grounds would be insignificant. He says the seabed can recover after dredging and that strict monitoring can protect marine ecosystems. Brown argues the project offers […]

October 30, 2026

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Consumer Confidence Index dips below 50

Consumer inflation reached 5.4 percent in September, while fuel prices rose 30 percent year-on-year. The Simonis Storm Consumer Confidence Index fell to a record low of 42.2 in the fourth quarter. The firm forecasts 2 percent economic growth this year and expects inflation to peak at 6.2 percent in March […]

October 30, 2026