BoN announces reduction in repo rate

NAMPA

2024-08-14

WINDHOEK, 15 June 2022 - BoN Governor Johannes !Gawaxab. (Photo by: Maqonda Ndlovu) NAMPA

WINDHOEK, 14 AUG (NAMPA) - The Bank of Namibia (BoN) announced a 25 basis point reduction in the repo rate, from 7.75 per cent to 7.50 per cent, on Wednesday.
Making the announcement here Wednesday, BoN Governor Johannes !Gawaxab said the monetary policy stance will be implemented over the next two months.
According to !Gawaxab, the decision by the Monetary Policy Committee (MPC) followed a comprehensive review of domestic, regional, and global...

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