Bank of Namibia Keeps Interest Rate at 6.00%

The Bank of Namibia kept its benchmark interest rate, the repurchase rate, unchanged at 6.00%, for the 5th consecutive meeting. Bank of Namibia Governor Ipumbu Shiimi said: "With the opportunity provided by the benign inflation outlook, the MPC decided to keep the repo rate unchanged at 6.0 percent to support domestic growth in the face of the prevailing global uncertainty,"