Namibia marks first rate hike in six years

Central bank acts to “safeguard” link to South African rand

namibia-dollar

The Bank of Namibia’s monetary policy committee raised its benchmark interest rate by 25 basis points on February 16, to 4%. This is the first rate increase since April 2016.

The central bank said the decision would help bring about positive real interest rates and “safeguard the one-to-one link” between the Namibian and South African currencies.

In its statement, the MPC noted that year-on-year inflation had risen from 4.1% in November 2021 to 4.6% last month. The central bank expects that

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.