The Monetary Policy Committee (MPC) of the Bank of Namibia (BoN) has decided to keep the repo rate unchanged at 3.75%. The bank is of the view that the rate remains appropriate to support domestic economic activity that is still being weighed down by the impact of COVID-19 pandemic. BoN Governor Johannes !Gawaxab, says at this level, the repo rate is considered appropriate to safeguard the one-to-one link between the Namibian Dollar (N$) and the South African Rand (ZAR). Repo rate is the rate at which the central bank lends money to commercial banks in the event of any shortfall of funds.