The Central Bank will make its monetary policy announcement on Wednesday.

The ultimate objective of monetary policy in Namibia is to see if it is necessary to either raise or decrease the repo rate.

The repo rate is the premium the Bank of Namibia charges banks for money it advances.

President Hage Geingob has urged the management and staff of the Bank of Namibia to guard against obstacles to economic growth, one of them being tribalism.

Dr Geingob paid a visit to the central bank on Wednesday.