RADIO BULLETIN NO: 07 FOR 17H00

Contributed by NAMPA.

HERE IS TODAY'S BULLETIN FOR 17H00
WEDNESDAY 16 AUGUST 2017
NAMIBIA PRESS AGENCY

1 (WINDHOEK, 16 AUG NAMPA) –The Bank of Namibia (BoN) today announced that it has cut the repo rate by 25 basis points (0.25 per cent) to 6.75 per cent.

Speaking at the second Monetary Policy announcement for 2017, BoN Deputy Governor Ebson Uanguta said the domestic economy remained weak during the first six months of 2017 and the BoN took into account Namibia’s inflation rate that averaged ...