Low Interest Rate Is Not the Solution to Affordable Housing in Namibia

[Namibian] THE recent decision by the Bank of Namibia to increase its repo rate (rate at which it lends money to commercial banks) by 25 basis points from 6,25% to 6,50% has generated a lot of public interest, with some Namibians saying that even those that are financially prudent are being punished together with reckless borrowers.