Chartered Accountants & Auditors
CRVW and Co.
Bank of Namibia confirms repo rate unchanged
The Bank of Namibia kept the Repo rate unchanged at 6.75% this week, as domestic economic activity slowed during the first four months of 2019 compared to the same period in 2018. The slowdown was reflected in sectors such as mining, agriculture, construction and wholesale and retail trade. Similarly, the manufacturing, tourism and electricity sectors also displayed declining activity during the first quarter of 2019, relative to the corresponding period of 2018.
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