Bank of Namibia cuts repo rate

Bank of Namibia cuts repo rate
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NAMPA

The Bank of Namibia has resolved to cut the repo rate by 25 basis points, to 6,75% from 7%.
This was necessitated to enhance economic growth, and also maintain a one-on-one link between the Namibian Dollar and the South African Rand.
The reduction is effective from Wednesday 16 August, Deputy Governor of the BoN, Ebson Uanguta announced.