Namibia Interest Rate  2007-2018 | Data | Chart | Calendar | Forecast

The Bank of Namibia held its benchmark lending rate steady at 6.75 percent on April 11th 2018, saying the decision aims to continue supporting economic growth and to safeguard the level of foreign reserves. Namibia’s economy contracted 0.8 percent in 2017, due to a decrease in construction and wholesale and retail trade and a slowdown in manufacturing; utilities; transport; communication and public sectors. The economy is expected to grow 1.4 percent in 2018. Meantime, annual inflation rate averaged 3.6 percent during the first two months of 2018, slowing from an 8 percent in the same period a year ago, mainly due to lower prices of food and housing. In 2018, the annual inflation rate is projected to average around 4 percent. Interest Rate in Namibia averaged 7.10 percent from 2007 until 2018, reaching an all time high of 10.50 percent in May of 2007 and a record low of 5.50 percent in August of 2012.

Namibia Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-06 09:00 AM Interest Rate Decision 6.75% 6.75% 6.75%
2018-02-14 09:05 AM Interest Rate Decision 6.75% 6.75% 6.75%
2018-04-11 09:10 AM Interest Rate Decision 6.75% 6.75% 6.75%
2018-06-13 10:25 AM Interest Rate Decision 6.75% 6.75%
2018-08-15 10:30 AM Interest Rate Decision
2018-10-24 09:10 AM Interest Rate Decision


Namibia Money Last Previous Highest Lowest Unit
Interest Rate 6.75 6.75 10.50 5.50 percent [+]
Money Supply M1 44528.10 45467.40 45467.40 1181.60 NAD Million [+]
Money Supply M2 94142.80 94445.90 94445.90 15670.40 NAD Million [+]
Foreign Exchange Reserves 28333.72 29704.16 33674.03 1783.20 NAD Million [+]
Deposit Interest Rate 5.65 4.71 12.94 3.98 percent [+]
Lending Rate 10.50 10.50 24.20 9.25 percent [+]
Central Bank Balance Sheet 30634.30 29425.90 35962.30 2526.62 NAD Million [+]


Namibia Interest Rate

In Namibia, interest rates decisions are taken by the Executive Committee of the Bank of Namibia. The official interest rate is the Repo Rate. This page provides the latest reported value for - Namibia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Namibia Interest Rate - actual data, historical chart and calendar of releases - was last updated on April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.75 6.75 10.50 5.50 2007 - 2018 percent Daily




interest rate by Country
Country Last
Turkey 8.00 Mar/18
Mexico 7.50 Apr/18
Russia 7.25 Mar/18
Brazil 6.50 Mar/18
India 6.00 Apr/18
China 4.35 Mar/18
Indonesia 4.25 Apr/18
United States 1.75 Mar/18
Australia 1.50 Apr/18
South Korea 1.50 Apr/18
Canada 1.25 Apr/18
United Kingdom 0.50 Mar/18
Euro Area 0.00 Mar/18
France 0.00 Mar/18
Germany 0.00 Mar/18
Italy 0.00 Mar/18
Netherlands 0.00 Mar/18
Spain 0.00 Mar/18
Japan -0.10 Mar/18
Switzerland -0.75 Mar/18


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