By: Justicia Shipena & Loise Shiimi
The decision by the Bank of Namibia (BoN) to lower the repo rate by 25 basis points to 7.00%, signals its commitment to support for the domestic economy amid a favourable inflation outlook.
The decision aligns with global monetary policy trends, where central banks like the US Federal Reserve and the European Central Bank have eased rates in response to disinflationary pressures.
Announcing the move, BoN Governor Johannes !Gawaxab emphasised the importance of aligning fiscal and monetary policies to foster macroeconomic stability and growth.
“We commend the government’s growth-friendly fiscal stance and its investment in growth-enhancing initiatives, which complement our efforts to maintain a stable and resilient economy,” he said.
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