The Bank of Namibia has reduced the repo rate by 25 basis points from 7.75% to 7.50%.

The central bank's decision aims to strengthen domestic economic activity and maintain the stability of the Namibia Dollar's peg to the South African Rand, supported by sufficient international reserves.

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.