The Bank of Namibia has kept the repo rate unchanged at 6.75% following its April Monetary Policy Committee (MPC) meeting, citing the need to support the economy while maintaining the Namibia Dollar’s peg to the South African Rand.
Governor Johannes !Gawaxab on Wednesday said although economic conditions may have warranted a rate cut, concerns over capital outflows, a widening trade deficit, and upcoming international debt repayments influenced the decision.
The decision was in line with projections by economists and analysts who spoke to The Brief.
