Namibia’s monetary policy diverges from SA’s as new bank governor starts work
Johannes !Gawaxab took the lead at Namibia’s central bank at the start of June
17 June 2020 - 17:04
The central bank of Namibia, whose currency is pegged to SA’s rand, diverged from its neighbour’s moves on monetary policy for the first time in two years as the country seeks to balance supporting its economy with safeguarding investment inflows.
The monetary policy committee cut the repurchase rate to 4% from 4.25%, deputy governor Ebson Uanguta said on Wednesday as he read the panel’s decision in a virtual media briefing. ..
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