Central bank appoints two new monetary policy committee members

THE Bank of Namibia has appointed John Steytler and Helvi Fillipus as new members of its monetary policy committee (MPC) to strengthen the formulation and implementation of monetary policies.
This move is aimed at safeguarding price stability.
In a statement issued yesterday, the central bank says the appointments are made in line with section 28 of the Bank of Namibia Act.
Governor Ebson Uanguta says the appointments strengthen the bank’s ability to deliver on its mandate.
“Our mandate to safeguard price stability is vital to maintaining the value of the Namibia dollar as it circulates in the hands of everyday Namibians,” he says.
Steytler is appointed as the first independent member of the MPC for a three-year term.
The bank says he has more than three decades of national and international experience, having previously served as chief economist and director of research at the Bank of Namibia.
Steytler has also served as chief executive of the Development Bank of Namibia, economic adviser to the president and founding statistician general and chief executive of the Namibia Statistics Agency.
The bank says Fillipus joins the MPC as its youngest member and currently serves as an economic adviser at the Bank of Namibia.
She previously worked as an economic adviser to the minister of finance and contributed to the compilation of the national budget. Fillipus progressed through various roles at the central bank, including researcher and deputy director for investments and domestic markets in the financial markets department.

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