- Repo rate held at 6.50%
- Foreign reserves rise to N$51.9bn
WINDHOEK, NAMIBIA – Namibia’s central bank kept its benchmark interest rate unchanged at 6.50% on Wednesday, prioritising currency stability as global economic signals remain mixed.
The Bank of Namibia’s Monetary Policy Committee unanimously decided to hold the repo rate steady to safeguard the peg between the Namibia dollar and the South African rand, while continuing to support domestic economic conditions.
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