WINDHOEK: The Deputy Governor of the Bank of Namibia (BoN), Ebson Uanguta has announced that the repo rate will remain unchanged at 5.50 per cent for the next two months.
Uanguta made this announcement during a media briefing here today.
He said the bank’s Monetary Policy Committee (MPC) met yesterday and decided that the current low interest rate environment should be maintained in order to ensure that growth is supported in the local economy, going forward.
He noted that it will also help to mitigate, as far as possible, the impact of the slowdown in growth seen in many of Namibia’s trading partners.
The Deputy Governor said Namibia’s economy remains relatively strong, despite the fragile global growth.
Economic growth in 2012 was estimated at 4.6 per cent, while for 2013, it is projected at 4.4 per cent.