WINDHOEK, 15 AUG – The Bank of Namibia (BoN) has kept the repo rate unchanged at 6,75 per cent.
BoN Governor Ipumbu Shiimi said during the fourth Monetary Policy announcement for 2018 here on Wednesday that the repo rate remained unchanged to continue supporting domestic growth while maintaining the one-on-one link between the Namibia Dollar and the South African Rand.
The decision was taken following a review of the regional, global and domestic economic development by the bank’s Monetary Policy Committee on Tuesday.
Repo rate is the rate at which the BoN lends money to commercial banks in the case of a shortfall.
NAMPA
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