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

Repo rate remains unchanged

Written by Rodney Pienaar on 21 October 2020.

WINDHOEK, 21 OCT (NAMPA) - The Bank of Namibia (BoN) on Wednesday decided to keep the repo rate unchanged at 3.75 per cent, its governor, Johannes !Gawaxab, said at the Monetary Policy Announcement in the capital.
!Gawaxab said that it remains appropriate to continue supporting domestic economic activity while safeguarding the one-to-one link between the Namibia Dollar and the South African Rand.
“Domestic economic activity contracted during the first eight months of 2020 and is projected to register an ov ...

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