Tannan Groenewald discusses the latest repo rate adjustment and its possible implications
February 13, 2025
[PODCAST]
The Bank of Namibia’s Monetary Policy Committee (MPC) has lowered the repo rate by 25 basis points to 6.75% , aiming to balance economic growth with currency stability. The decision was announced following the MPC’s first bi-monthly meeting of the year, held on February 10–11, 2025.
The central bank’s Governor, Johannes !Gawaxab, said the rate cut is intended to support the domestic economy while maintaining the peg between the Namibia Dollar and the South African Rand. Tannan Groenewald, Head of Data & Analytics at Cirrus helps us unpack this.
