The Monetary Policy Committee of the Bank of Namibia has again decided to keep its repo rate unchanged at 7.5%.

The Bank of Namibia says the decision follows a comprehensive review of global, regional, and domestic economic developments.

The repo rate is the rate at which commercial banks borrow money from Namibia's Central Bank.

The decision to keep the repo rate unchanged is aimed at safeguarding the peg of the Namibian dollar with the South African Rand and supporting the domestic economy.