Repo rate remains unchanged at 7.75 percent

Martin Endjala Following a comprehensive review of global, regional and domestic economic developments, the Bank of Namibia Monetary Policy Committee decided to maintain the current repo rate at 7.75 percent for the next two months, while also ensuring that stable platforms are created to grow the economy. During the announcement yesterday in Oshakati, Bank of Namibia Governor, Johannes !Gawaxab, responded to concerns and the impact the repo rate has on the economy and unemployed individuals. He said that the repo rate has a negative and positive impact on people’s lives and the economy, however, he is of the view that…