Namibia lifts interest rate and forecasts worse inflation (opens original article in a new tab)

Namibia's central bank raised its interest rate for the first time in three years and increased its inflation forecast due to higher oil prices and inflationary pressures.

• Namibia's central bank raised its main interest rate by 25 basis points to 6.75% for the first time in three years
• Inflation increased to 4.1% year on year in May, with the central bank revising its 2026 inflation forecast upwards to 4.0%
• The Bank of Namibia cited rising global and domestic inflationary pressures and subdued economic activity as reasons for the rate hike