Botswana holds, while Namibia hikes to protect currency peg
Southern African neighbours diverge as inflation takes different directions
The central banks of Namibia and Botswana both announced interest rate decisions this week. While Namibia opted for a modest hike to safeguard its currency peg to the South African rand, neighbouring Botswana kept rates on hold, thereby extending the pause that has been in place since April.
Namibia: high inflationThe Bank of Namibia’s monetary policy committee (MPC) on October 28 raised its key policy rate from 6.75% to 7% in a unanimous decision.
Governor Ebson Uanguta said in a statement that
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