Namibian central bank wary of household debt increase

Namibia has higher household debt levels than regional peers, report notes

Latest financial stability report reveals latest levels of household debt

The Bank of Namibia is closely watching household debt in the country, after it rose to 89.1% of disposable income in December, its latest financial stability report, published May 12, reveals.

"Household indebtedness remained higher than comparator economies and warrants targeted strategies to reduce risks to financial system stability," the report says. It draws comparisons with South Africa, where the same ratio is 78.3%.

In response, the bank is calling for more "concerted efforts" in

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