The Bank of Namibia (BoN) has announced a 25-basis point increase in the repo rate to 6.75%. The move came in light of rising inflation, global economic uncertainty, and the need to protect the currency peg between the Namibian dollar and the South African rand.

The Monetary Policy Committee (MPC) of the Bank of Namibia has decided to keep the repo rate unchanged at 6.5%. 

The Governor of the Bank of Namibia, Johannes !Gawaxab, announced this during the final Monetary Policy Announcement of the year.

The Bank of Namibia has reduced its main interest rate by 25 basis points, to 6.5%, after previously keeping its lending rate unchanged for three consecutive monetary policy meetings.