Ebson Uanguta

BoN cuts Repo rate to 4%

BoN cuts Repo rate to 4%

Staff Writer The Bank of Namibia (BoN) Monetary Policy Committee (MPC) has cut the Repo rate from 4.25 percent to 4 percent, a move which translates to a cumulative 2.50 percentage point reduction since the beginning of the year. “This decision was taken following a review of global, regional and domestic economic and financial developments. The MPC is of the view that at this level the rate is appropriate to continue supporting domestic economic activity while at the same time safeguarding the one-to-one link between the Namibia Dollar and the South African Rand,” Deputy Governor of the Bank of Namibia,…
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