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Rising inflation weighs heavily on households
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Rising inflation weighs heavily on households

An expected increase in the repo rate by the Bank of Namibia (BoN) will weigh heavily on indebted households who already battle with higher living costs, as real disposable incomes deteriorate with rising inflation. This is as the South African Reserve Bank recently hiked its repo rate by 75 basis points (bps) in July, with further tightening expected.