Bank of Namibia cuts rates due to uncertain economic outlook


The monetary policy committee (MPC) of the Bank of Namibia has voted to cut rates by 50 basis points to 5.5% to support "ailing" sectors of the economy, but expressed concerns about rising inflation and fast growth in consumer credit.

A statement from the monetary policy meeting, released today (August 22), said the medium-term outlook "continues to be shadowed with heightened uncertainties". "The MPC finds that a measure of monetary policy easing is necessary to support the ailing sectors of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: