Repo rate reduced to boost economic growth

NAMPA

2024-12-04

WINDHOEK, 21 October 2020 - The Governor of the Bank of Namibia, Johannes !Gawaxab. (Photo by: Esca Kamanya) NAMPA

WINDHOEK, 04 DEC (NAMPA) - The Bank of Namibia (BoN) has reduced the repo rate by 25 basis points to 7.00 per cent to stimulate domestic economic activity.
The decision was made during the sixth and final Monetary Policy Committee (MPC) meeting of 2024, held on 02 to 03 December.
BoN Governor Johannes !Gawaxab announced the decision here on Wednesday, noting that domestic economic activity strengthened in the first 20 months of 2024 compared to t...

Restricted content

Namibia economic

Business

Otjiwanda Expo exhibitors laud platform

2026-05-01 16:24:13

Household debt ratios improve: BoN

2026-05-01 11:45:23

NARETU, NBL sign wage deal

2026-04-30 17:38:15

Namibia completes FATF action plan ahead of May deadline

2026-04-30 16:48:52

Financial Stability Report launched

2026-04-30 14:55:42

FNB Commercial appoints Hans as Head of Public Sector Banking

2026-04-30 09:58:17

Theofelus launches Namibia’s 2026 cyber security incident guidelines

2026-04-30 05:28:04

Second cohort of BW Emerging Bankers Programme announced

2026-04-29 16:55:03

BoN revises inflation upward to 3.7 per cent

2026-04-29 15:47:47

Bank Windhoek, education ministry strengthen partnership on youth development

2026-04-29 14:35:57

Otjiwarongo municipal debt increases to N.dollars 80 million

2026-04-29 13:51:24

Latest NAMPA photos

OMPINGE, 03 May 2026- Community members from Ompinge village in the Onyaanya constituency of the Oshikoto region watching a film screening titled 'Namibia: The Struggle for Liberation,' ahead of the Cassinga Day commemorations. Those commemorations are set to take place at Okapalelona settlement in the Omusati region on Monday. (Photo: contributed)

NAMPA

OPUWO, 02 MAY 2026- Deputy Minister of Agriculture, Fisheries, Water and Land Reform Ruthy Masake during the Opuwo Annual Trade Fair Agricultural Show at Opuwo, in the Kunene region. (Photo: Kaviveterue Virere) NAMPA

NAMPA

OPUWO, 02 May 2026- Fillemon Wise Immanuel, Minister of Justice and Labour Relations during the International Workers Day celebrations in Opuwo. (Photo: Contributed) NAMPA

NAMPA

OKANGHUDI, 02 May 2026 - The Ohangwena regional governor Kadiva’s Hamutumwa during the courtesy visit to the former president Hifikepunye Pohamba at Okanghudi village on Saturday. (Photo: presidency)

NAMPA

OKANGHUDI- 02 May 2026 - Former President Hifikepunye Pohamba and President Netumbo Nandi-Ndaitwah during the courtesy visit by the president at his homestead in Okanghudi on Saturday. (photo: contributed).

NAMPA

LÜDERITZ, 01 May 2026 - Vice President Lucia Witbooi, officially opening the 19th Annual Lüderitz Crayfish Festival. (Photo: Contributed)

NAMPA

OPUWO, 01 May 2026- Governor of the Kunene Region Vipuakuje Muharukua addressing the International Workers' Day commemorations at Opuwo. (Photo: Contributed)

NAMPA

OPUWO, 01 MAY 2026- President Netumbo Nandi-Ndaitwah addressing the International Workers' Day commemoration at Opuwo in the Kunene region. (Photo: Contributed)

NAMPA