Repo rate unchanged at 6,75 per centWritten by Anna Salkeus on 12 June 2019.
WINDHOEK, 12 JUN (NAMPA) - The Monetary Policy Committee of the Bank of Namibia (BoN) has kept the repo rate unchanged at 6,75 per cent.
This was announced by BoN Governor Iipumbu Shiimi here on Wednesday.
The repo rate is the cost at which the central bank lends money to commercial banks and an increase or decrease in that rate is most likely to affect the interest rate commercial banks charge consumers.
The repo rate remained unchanged to continue supporting domestic growth, while maintaining the one-on-o ...