Zorena Jantze

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Repo Rate reduced

DEVELOPMENT: Governor of BoN, Ipumbu Shiimi. Photo contributed
Friday, August 18, 2017 - 08:15

Windhoek - The Monetary Policy Committee (MPC) of the Bank of Namibia (BoN) cut the Repo rate by 25 basis points to 6.75% in order to support domestic growth, while maintaining the one-to-one link between the Namibian Dollar and the South African Rand.

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