Namibia keeps repo rate unchanged at 6.5 pct

WINDHOEK, Feb. 18 (Xinhua) -- The Bank of Namibia on Wednesday decided to keep the repo rate unchanged at 6.50 percent, citing the need to safeguard the one-to-one peg between the Namibia dollar and the South African rand while supporting domestic economic activity.

Speaking at the first monetary policy announcement for the year, Governor of the central bank Ebson Uanguta said the policy stance was taken to ensu