Central Bank hikes repo rate to 6.75% after SA hike to 7% on 29 April

The Bank of Namibia (BoN) has officially raised its benchmark interest rate to make borrowing more expensive for companies and households. Following its third bi-monthly meeting of the year, held on 15 and 16 June, the bank’s Monetary Policy Committee (MPC) announced a rate hike, pushing the Repo rate up to 6.75%. BoN Governor Ebson […]

Central Bank hikes repo rate to 6.75% to protect currency peg

The Bank of Namibia (BoN) has officially raised its benchmark interest rate to protect the country’s economic backbone.

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