On the 15th and 16th of August 2022, the Monetary Policy Committee (MPC) of the Bank of Namibia held its bi-monthly meeting to decide on the opportune monetary policy stance to be implemented over the next two months.
To perpetuate safeguarding the peg arrangement and thus anchoring inflation prospects, while meeting the country’s international financial obligations, the MPC decided to increment the Repo rate by 75 substructure points to 5.50 percent.
This decision was taken following a comprehensive review of ecumenical, regional and domestic economic developments.