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Namibia , Thursday 16 July 2026

Namibia raises key rate, forecasts worse inflation outlook on higher oil prices

Published on: Tuesday 16 June 2026

Namibia raises key rate, forecasts worse inflation outlook on higher oil prices By Nyasha Nyaungwa WINDHOEK, June 17 (Reuters) - Namibia's central bank raised its main interest rate for the first time in three years on Wednesday and revised its inflation forecasts upwards because of higher oil prices. • The Bank of Namibia raised its repo rate by 25 basis points to 6.75%. • "The Monetary Policy Committee noted rising global and domestic inflationary pressures over the near


News source: https://www.msn.com/en-us/money/markets/namibia-raises-key-rate-forecasts-worse-inflation-outlook-on-higher-oil-prices/ar-AA25R7NU

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