The Bank of Namibia’s Monetary Policy Committee (MPC) decided on the appropriate monetary policy stance to be implemented over the following two months today, April 19, 2023.

According to BoN governor Johannes!Gawaxab, the MPC has resolved to raise the Repo rate by 25 basis points to 7.25 percent with immediate effect in order to continue anchoring inflation expectations and safeguarding the peg arrangement while preventing unpleasant shocks to the domestic economy.

This conclusion was reached after careful consideration of global, regional, and domestic economic conditions.

April 19, 2023

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