BW hike interest rates
Bank Windhoek have made an instant reaction to the latest increase
in the repo rate by adjusting their lending rates effective this week.
In a statement reliesed by the Banks Marketing and
Communications department BW said, "In reaction to the increase
in the policy rate by the Monetary Policy Committee of the Bank
of Namibia, Bank Windhoek hereby announces the increase in our
Prime Lending Rate by 0.25% from 9.50% to 9.75% and our Mortgage
Lending Rate from 10.50% to 10.75%."
These interest rate changes will be effective from Friday, 22 August