{"id":17256,"date":"2022-04-19T16:22:46","date_gmt":"2022-04-19T16:22:46","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-announces-new-interest-rates"},"modified":"2022-04-19T16:30:28","modified_gmt":"2022-04-19T16:30:28","slug":"bank-windhoek-announces-new-interest-rates","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-announces-new-interest-rates","title":{"rendered":"Bank Windhoek announces new interest rates"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span><b>BANK Windhoek has increased its prime lending rate by 0,25% from 7,75% to 8, 00%.<\/b><\/p>\n<p>In a statement, Bank Windhoek announced that the mortgage lending rate will also increase from 8,75% to 9,00%. The interest rate changes were effective as from Thursday, 14 April 2022.<\/p>\n<p>Bank Windhoek&#8217;s head of funding and liquidity management Diederik Kruger said the worldwide inflationary pressure in the aftermath of the pandemic, coupled with geopolitical tension in the northern hemisphere in early 2022, has impacted the supply of goods in first world countries.<\/p>\n<p>\u201cThe concerns surrounding the supply of natural gas and fuel oil have also impacted the price for the consumer and will in the coming months impact the price of all consumer goods that are dependent on long haul transportation,\u201d he said.<\/p>\n<p>Kruger said the expectations are that rates will continue to increase for the remainder of the year, and could be higher than expected if a new wave of lockdowns are introduced or if tensions in Europe develop further.<\/p>\n<p>\u201cCustomers should be mindful of the increasing rates when entering into new loan agreements and plan accordingly,\u201d he said.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/namibia\">Namibia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. BANK Windhoek has increased its prime lending rate by 0,25% from 7,75% to 8, 00%. In a statement, Bank Windhoek announced that the mortgage lending rate will also increase from 8,75% to 9,00%. The interest rate changes were effective as from Thursday, 14 April 2022. Bank Windhoek&#8217;s head of funding and liquidity [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":17254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,236,233],"class_list":["post-17256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bank Windhoek announces new interest rates - Namibia<\/title>\n<meta name=\"description\" content=\"BANK Windhoek has increased its prime lending rate by 0,25% from 7,75% to 8, 00%. 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