The Central Bank will make its monetary policy announcement on Wednesday.

The ultimate objective of monetary policy in Namibia is to see if it is necessary to either raise or decrease the repo rate.

The repo rate is the premium the Bank of Namibia charges banks for money it advances.

Commercial banks pass on the cost or interest rate to their clients for loans and mortgages, normally at the same margin as the repo rate.

Currently, the interest rate for prime loans is 11%, while it is 12% for existing home loans.

Scenes from the southern town of Rosh Pinah, where residents continue to experience rainy and cold conditions.