The Bank of Namibia (BoN) has reduced the repo rate by 25 basis points to 7.00%, citing lower inflation and moderate growth in private sector credit extension. The move, backed by sufficient foreign reserves, aims to stimulate economic activity while maintaining the Namibia Dollar’s peg to the South African Rand. Commercial banks are expected to […]
The post BoN cuts repo rate to 7.00% to boost economic growth first appeared on The Brief | Namibia’s Leading Business & Financial News.
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