The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

Repo rate remains unchanged at 7.75 per cent

Contributed by NAMPA.

WINDHOEK, 06 DEC (NAMPA) - The Bank of Namibia announced on Wednesday that its Monetary Policy Committee has resolved to maintain the repo rate at 7.75 per cent.
The MPC held its bi-monthly meeting on 04 and 05 December 2023 and decided to continue safeguarding the peg between the Namibia Dollar and South African Rand, while supporting the domestic economy.
BoN Governor, Johannes!Gawaxab, on Wednesday noted that for the year 2023, GDP growth is estimated to have declined to 3.9 per cent from 7.6 ...