Namibia Governor News Today

The central bank’s Monetary Policy Committee (MPC) has decided to raise the repo rate by 50 basis to 7.75% with immediate effect.According to the MPC announcement made on Wednesday by the Bank of Namibia Governor, Johannes !Gawaxab., the decision to increase the Repo rate by 50 basis points is deemed appropriate to safeguard the one-to-one link between the Namibia Dollar and the South African Rand.“It is simultaneously aimed at further...

"WE are not out of the woods yet, and our economy desperately needs appropriate stimulus, which can take the form of credit extension...

Bank of Namibia Governor, Johannes Gawaxab According to reports, Namibia's central bank has announced intentions to launch its central bank digital currency (CBDC). The announcement follows the release of the bank's FinTech regulatory framework with the bank considering the global rise and increasing adoption of cryptocurrencies. "We cannot ignore CBDC, it is a reality out