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Jun
Niël Terblanché The Bank of Namibia (BoN) has decided to maintain the repo rate at 7.75 percent, following its bi-monthly Monetary Policy Committee (MPC) meeting on June 17-18. According to Johannes !Gawaxab, the Governor of the Bank of Namibia, this decision aims to support the domestic economy while preserving the peg between the Namibia Dollar and the South African Rand. "The committee's stance reflects a cautious approach to balancing economic growth with inflation control," !Gawaxab said while announcing the decision. He said that Namibia's economy demonstrated significant growth in the first four months of 2024, particularly in the mining, electricity…