Namibia increases policy rate by 50bp

Central bank shadows South Africa’s hike last week to preserve currency link


The Bank of Namibia has raised its policy rate by 50 basis points to 6.75%, following a recent hike by South Africa’s central bank.

It announced its sixth rate increase of 2022 – totalling 300bp of increases for the year – at its last monetary policy meeting of the year on November 28–29. Prior to its current tightening cycle, the Bank of Namibia had not raised rates since 2016.

Namibia maintains a 1:1 currency peg with the South African rand. The South African Reserve Bank raised its bank

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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