Annual inflation declined to 7.0% in March, 0.8% lower than in February, while prices increased by 0.1% on a m/m basis. The decrease in annual inflation was largely as a result of a drop in food prices and a slight decrease in rental payments for dwellings. Neutralising some of the… Continue reading
A total of 192 building plans were approved in March with a value of N$103.0 million, while 19 buildings with a value of N$40.7 million were completed. Thus far 2017 is off to a slow start, 423 plans were approved in the first two months while 67 were completed, the… Continue reading
Overall Total credit extended to the private sector increased by N$937.1 million or 1.1% in February, bringing the cumulative credit outstanding to N$87.21 billion. This is a slight uptick in the annual growth rate which has increased to 9.0% from 8.5% in January. The increase was driven by increases in… Continue reading