Bank of Namibia increases repo rate by 50 basis points to 6.75%
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The Bank of Namibia has again increased the repo rate, this time by 50 basis points, from 5.5 to 6.75 percent.
Governor Johannes !Gawaxab says the raise is done in an effort to anchor inflation expectations as well as safeguard the one-on-one peg arrangement with South Africa.
