BADGER
MICHAEL AVERY: A hawkish legacy in a dove’s economy
Reserve Bank risks stifling economic growth, worsening unemployment crisis and deepening inequalities it aims to address
19 August 2024 - 05:00
I was in Windhoek last week when the Central Bank of Namibia announced a surprise 25 basis point rate cut.
The bank is tolerating a historically wide interest rate differential with the SA Reserve Bank as the worst drought in 100 years starts to bite into the country’s economic muscle while the diamond industry is battling the onslaught from lab-grown stones. ..
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