Allexer Namundjembo
Bank of Namibia Governor, Ebson Uanguta announced on Wednesday that the repo rate will increase by 25 basis points to 6.75%, effective immediately.
The prime lending rate also increased by 25 basis points and moved to 10.25%
Governor Uanguta said the Monetary Policy Committee decided to tighten policy to counter rising inflation and maintain the NAD/ZAR currency peg.
Headline inflation has climbed to 4.1% in May 2026, up from 2.1% in March.
The next MPC meeting is set for 10-11 August 2026.
