Governor Johannes !Gawaxab – Windhoek Observer

Staff Writer The Monetary Policy Committee (MPC) of the Bank of Namibia (BoN) resolved to keep the repo rate unchanged at 3.75 percent, Governor Johannes !Gawaxab, announced yesterday, on Wednesday. “The MPC is of the view that the rate remains appropriate to continue supporting domestic economic activity, while at the same time safeguarding the one-to-one link between the Namibia Dollar and the South African Rand. This decision was taken following a review of global, regional and domestic economic and financial developments.” Namibia’s stock of international reserves as on the 31st January, 2021, according to BoN, stood at N$34.4 billion compared…