Monthly Archives: June 2018

June 2018

Repo rate maintained at 6.75%

By |2018-07-11T17:30:37+00:0014th June 2018|

By Staff Reporter   WINDHOEK – The Bank of Namibia’s Monetary Policy Committee (MPC) has decided to leave the Repo rate unchanged at 6.75 percent. This decision was taken to safeguard the level of foreign reserves and support domestic economic growth, while maintaining the one-to-one link between the Namibian Dollar and the South African Rand. Making [...]

Namibia holds rate, sees slightly stronger 2018 growth

By |2018-07-11T19:52:25+00:0014th June 2018|

        Written by Central Bank News Namibia's central bank left its benchmark repo rate at 6.75 percent and said it still expects the domestic economy to perform "slightly better in 2018 compared to 2017" despite slow activity in the first quarter. The Bank of Namibia (BON), which has kept its rate steady since cutting [...]