Repo rate remains unchanged at 7.75 per cent

Contributed by NAMPA.

WINDHOEK, 18 APR (NAMPA)- The Bank of Namibia (BoN) on Wednesday announced that the repo rate will remain unchanged at 7.75 per cent.
In a statement availed to Nampa, Bank of Namibia Governor, Johannes !Gawaxab, said that in recent economic developments, Inflation continued to ease, while the growth in Private Sector Credit Extension (PSCE) remained weak.
“Real Gross Domestic Product (GDP) registered a slower yet firm growth rate of 4.2 per cent in 2023 compared to 5.3 per cent recorded in 2022 ...