Namibia holds policy rate at 6.75%
Central bank points to uncertainty caused by disruption to global trade
The Bank of Namibia maintained its repurchase rate at 6.75% today (April 16), citing economic uncertainty caused by shifts in global trade policy.
In its statement, the central bank said changes in trade policies were likely to dampen domestic growth, including by bringing down global commodity prices. However, it added that this decline in prices would be offset by a weaker exchange rate.
The bank said that holding the policy rate would also protect the Namibian dollar’s peg to the South African
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