Bank of Namibia cuts Repo rate by 25 basis points to 6.75% – 16 August 2017

Bank of Namibia’s Monetary Policy Committee (MPC) decided to cut the Repo rate by 25 basis points to 6.75% today (16 August 2017). This is the first meeting of the MPC since the South African Reserve Bank (SARB) effected its first rate cut in five years by 25 basis points in July 2017 with the two MPC rates once again on par.