The Bank of Namibia (BoN) has decided to leave the repo rate unchanged at 6.75%.
BoN governor Johannes !Gawaxab says the decision was taken unanimously by the bank’s monetary policy committee (MPC) to safeguard the peg between the Namibia dollar and the South African rand while supporting the domestic economy.
“This policy stance was informed after a thorough review of current and projected domestic, regional and global economic developments,” he says.
According to the governor, domestic inflation has remained subdued since the previous MPC meeting, while growth in private sector credit extension has improved.
Looking ahead, real gross domestic product growth is projected at 3.5% for 2025 and 3.9% for 2026, relative to 3.7% in 2024.
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