The Bank of Namibia left its benchmark repo rate steady at 6.5% in December 2025, following a 25 bps cut in October, aiming to safeguard the Namibian Dollar’s peg to the South African Rand while supporting domestic growth. Policymakers highlighted ongoing global policy uncertainty and potential risks to the domestic economy. While welcoming South Africa’s lower inflation target as supportive of Namibian price stability, the central bank stressed that SA’s formal 3% target requires vigilance in managing domestic inflation to protect the exchange rate peg. Domestically, the central bank noted that despite slower economic activity, the outlook remains positive, with inflation well-contained and growth expected to recover over the medium term. Real GDP growth is now projected at 3% in 2025, 0.5 points below the previous forecast, before accelerating to 3.8% in 2026 and 4.3% in 2027. The 2025 inflation forecast remains at 3.6%, while the 2026 projection has been revised down to 3.8%. source: Bank of Namibia

The benchmark interest rate in Namibia was last recorded at 6.50 percent. Interest Rate in Namibia averaged 6.66 percent from 2007 until 2025, reaching an all time high of 10.50 percent in May of 2007 and a record low of 3.75 percent in August of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

The benchmark interest rate in Namibia was last recorded at 6.50 percent. Interest Rate in Namibia is expected to be 6.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Interest Rate is projected to trend around 4.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-08-13 09:00 AM Interest Rate Decision 6.75% 6.75% 6.5%
2025-10-15 09:05 AM Interest Rate Decision 6.5% 6.75% 6.5%
2025-12-03 09:00 AM Interest Rate Decision 6.5% 6.5% 6.25%
2026-02-18 09:00 AM Interest Rate Decision 6.5% 6.5%
2026-04-22 09:00 AM Interest Rate Decision
2026-06-17 09:00 AM Interest Rate Decision


Related Last Previous Unit Reference
Central Bank Balance Sheet 57091.80 56240.30 NAD Million Dec 2025
Foreign Exchange Reserves 51576.56 49162.10 NAD Million Dec 2025
Interest Rate 6.50 6.50 percent Dec 2025
Lending Rate 10.25 10.25 percent Dec 2025
Money Supply M0 9690.66 9764.15 NAD Million Dec 2025
Money Supply M1 92504.60 94388.60 NAD Million Dec 2025
Money Supply M2 167975.70 170196.30 NAD Million Dec 2025


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.
Actual Previous Highest Lowest Dates Unit Frequency
6.50 6.50 10.50 3.75 2007 - 2025 percent Daily

News Stream
Namibia Holds Key Policy Rate at 6.5%
The Bank of Namibia left its benchmark repo rate steady at 6.5% in December 2025, following a 25 bps cut in October, aiming to safeguard the Namibian Dollar’s peg to the South African Rand while supporting domestic growth. Policymakers highlighted ongoing global policy uncertainty and potential risks to the domestic economy. While welcoming South Africa’s lower inflation target as supportive of Namibian price stability, the central bank stressed that SA’s formal 3% target requires vigilance in managing domestic inflation to protect the exchange rate peg. Domestically, the central bank noted that despite slower economic activity, the outlook remains positive, with inflation well-contained and growth expected to recover over the medium term. Real GDP growth is now projected at 3% in 2025, 0.5 points below the previous forecast, before accelerating to 3.8% in 2026 and 4.3% in 2027. The 2025 inflation forecast remains at 3.6%, while the 2026 projection has been revised down to 3.8%.
2025-12-03
Bank of Namibia Lowers Key Rate to 6.5%
The Bank of Namibia cut its benchmark repo rate by 25bps to 6.5% during its October 2025 meeting, aiming to support the domestic economy while safeguarding the peg between the Namibia Dollar and the South African Rand. Annual GDP growth has surprised on the downside, slowing to a post-pandemic low of 1.6% in the second quarter from 2.8% in the previous quarter, largely due to weak performance in the manufacturing, fishing, and agriculture sectors. Economic growth for 2025 is now projected to weaken from the 3.7% recorded in 2024, with downside risks becoming more pronounced. Meanwhile, inflation remains well contained, averaging 3.6% during the first eight months of the year. Inflation forecasts for both 2025 and 2026 have been revised down by 0.2 percentage point to 3.6% and 4.0%, respectively, reflecting a stronger exchange rate assumption and a lower oil price outlook.
2025-10-15
Namibia Leaves Rate Steady for 3rd Meeting
Namibia's central bank maintained its key lending rate steady at 6.75% during its August 2025 meeting, marking a third straight hold since April. Policymakers said the decision was designed to safeguard the Namibian Dollar’s peg to the South African Rand while supporting domestic growth. By standing pat following South Africa’s July rate cut, Namibia has further closed the interest rate gap, with its repo rate now 25 basis points lower—an advantage the MPC believes will aid growth while preserving capital flow stability. Namibia's inflation rate edged down to 3.5% in July 2025 from 3.7% in June. Inflation is forecast to average 3.8% in 2025 and 4.2% in 2026, each 0.1 percentage point below earlier projections, reflecting lower assumed crude oil prices. Real GDP growth is forecast at 3.5% in 2025 and 3.9% in 2026, revised down 0.3 and 0.1 percentage points from April, reflecting a slowdown in primary industries—especially livestock restocking.
2025-08-13