BoN reduces repo rate to 7.25 per cent

NAMPA

2024-10-16

WINDHOEK, 15 July 2019 - Chairperson of the High Level Panel on the Economy, Johannes !Gawaxab pictured at a media conference. (Photo by: Shelleygan Petersen) NAMPA

WINDHOEK, 16 OCT (NAMPA) – The Bank of Namibia (BoN) announced a 25 basis point reduction in the repo rate, from 7.50 per cent to 7.25 per cent, on Wednesday.
BoN Governor Johannes ǃGawaxab said the Monetary Policy Committee (MPC) took the decision during its fifth bi-monthly meeting held on 14 and 15 October 2024.
“To continue supporting the domestic economy while simultaneously safeguarding the peg between the Namibia Dollar and the South Afr...

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Latest NAMPA photos

WINDHOEK, 04 June 2026 - The Roads Authority (RA) will install speed humps at selected locations along the B1 Western Bypass and a section of the A1 Road in the Khomas Region from Friday, following a rise in pedestrian-related crashes that have claimed lives on both routes. The installation covers the B1 Western Bypass between the Independence Avenue Interchange near Katutura Hospital and the Lafrenz Interchange, as well as the A1 Road between Prosperita and the Windhoek Country Club Resort. (Photo contributed) NAMPA

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WINDHOEK, 04 JUNE 2026 - Newly appointed Geb Ilunga as Head of Digital Marketing Channels Bank Windhoek. (Photo:Contributed)

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WINDHOEK, 05 June 2026 - The Namibia Institute of Public Administration and Management (NIPAM) signed a Memorandum of Understanding (MoU) with the Global Cybersecurity Centre on Thursday in Windhoek. (Photo: Contributed) NAMPA.

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WINDHOEK, 04 JUNE 2026- Representatives of the Students Union of Namibia (SUN), the Namibia National Students Organisation (NANSO) and the Namibia Students Association (NASA) pose following engagements on student funding and higher education matters in Windhoek. (Photo: Contributed) NAMPA

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WINDHOEK, 04 June 2026 - Minister of MICT, Emma Theofelus, speaking at the launch of effective communicators conference in Windhoek on Thursday. (Photo by: Chelva Wells) NAMPA

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WINDHOEK, 04 June 2026 - Namibia Press Agency acting editorial manager and head of commercial, Confidence Musariri, speaking at the launch of effective communicators conference in Windhoek on Thursday. (Photo by: Chelva Wells) NAMPA

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WINDHOEK, 04 June 2026 - Namibia Press Agency acting CEO, Jata Kazondu, speaking at the launch of effective communicators conference in Windhoek on Thursday. (Photo by: Chelva Wells) NAMPA

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WINDHOEK, 04 June 2026 - Namibia Press Agency Board Chairperson, Kauli Nghishitende, speaking at the launch of effective communicators conference in Windhoek on Thursday. (Photo by: Chelva Wells) NAMPA

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