Repo rate remains unchanged

Contributed by NAMPA.

WINDHOEK, 06 DEC (NAMPA) – The Monetary Policy Committee (MPC) of the Bank of Namibia (BoN) left the repo rate unchanged at 6.75 per cent.
This was said by BoN Governor Ipumbu Shiimi during the sixth and last monetary policy announcement of the year on Wednesday.
“This level is deemed appropriate to continue supporting domestic economic growth, while maintaining the one-to-one link between the Namibian Dollar and South African Rand,” Shiimi said.
While the global economy is projected to gr ...