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Liquidity balances held by commercial banks rose in October

Liquidity balances held by commercial banks rose in October

The banking industry’s overall liquidity position averaged N$3.1 billion in October 2020, relative to the N$2.2 billion in September 2020.

The Bank of Namibia said the increase in liquidity is on the back of diamond sales, increased government expenditure and interest payment from the state during the period under review.

Meanwhile, Namibia’s annual inflation rate stood at 2.3% in October 2020, a meagre 0.1% change compared to the preceding month.

The Bank said this was reflected in the inflation rates for the categories food & non-alcoholic beverages, transport and housing during the period under review.


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Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys


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