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

01 April 2026 - Minister of Works and Transport Veikko Nekundi officially inaugurated the newly constructed Aris River Bridge between Windhoek and Rehoboth. (Photo: Contributed)

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WLOTZKASBAKEN, 31 MARCH 2026 - A delegation of different utilities leaders and representatives from Southern Africa went on a familiarisation visit to the Orano Desalination Plant at Wlotzkasbaken as part of the Water Utilities Executive Leadership Conference taking place at Swakopmund. (Photo contributed )

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KATIMA MULILO, 26 March 2026 - The Director of Planning, Monitoring and Rural Development at Zambezi Regional Council, Beavan Walubita. (Photo: Michael Mutonga Liswaniso) NAMPA

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KATIMA MULILO, 30 March 2026 – The regional U/20 football and netball team for the Zambezi region on Monday paid a courtesy call at the office of the regional Governor, Dorothy Kabula ahead of the upcoming Nedbank-Namibian Newspaper Cup slated for the long Easter-weekend in Keetmanshoop in the //Kharas region. (Photo: Michael Mutonga Liswaniso) NAMPA

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OMARURU, 20 March 2026 - Chief Executive Officer of the Omaruru Municipality Valentinus Sindongo. (Photo by: Isabel Bento) NAMPA

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