Bank of Namibia left its benchmark repo rate unchanged at 6.75 percent on its October 24th 2018 meeting, saying that the current monetary policy stance remains appropriate to maintain the one-to-one link between the Namibian dollar and the South African rand and to support domestic economic growth. Policymakers noted that the economy during the first eight months of the year was weak mostly due to a slowdown in agriculture and wholesale and retail trade and expected to remain weak in 2018. The annual inflation rate rose to 4.8 percent in September from 4.4 percent in August, mainly due to higher cost of fuel. Interest Rate in Namibia averaged 7.08 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
2018-06-13 09:15 AM Interest Rate Decision 6.75% 6.75% 6.5%
2018-08-15 09:10 AM Interest Rate Decision 6.75% 6.75% 6.75% 6.75%
2018-10-24 09:10 AM Interest Rate Decision 6.75% 6.75% 6.75%
2018-12-05 09:30 AM Interest Rate Decision 6.75% 6.5%


Namibia Money Last Previous Highest Lowest Unit
Interest Rate 6.75 6.75 10.50 5.50 percent [+]
Money Supply M1 45684.40 46908.10 46908.10 1181.60 NAD Million [+]
Money Supply M2 100456.20 99634.90 100456.20 15670.40 NAD Million [+]
Foreign Exchange Reserves 32516.66 32195.63 33674.03 1783.20 NAD Million [+]
Deposit Interest Rate 5.90 5.65 12.94 3.98 percent [+]
Lending Rate 10.50 10.50 24.20 9.25 percent [+]
Money Supply M0 7310.33 8037.57 11104.43 857.78 NAD Million [+]
Central Bank Balance Sheet 32715.40 32907.20 35727.90 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 November of 2018.

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




Country Last
Argentina 65.04 Nov/18
Turkey 24.00 Oct/18
Mexico 7.75 Oct/18
Russia 7.50 Oct/18
Brazil 6.50 Oct/18
India 6.50 Oct/18
South Africa 6.50 Oct/18
Indonesia 5.75 Oct/18
China 4.35 Oct/18
Saudi Arabia 2.75 Oct/18
United States 2.25 Nov/18
Canada 1.75 Oct/18
Australia 1.50 Nov/18
South Korea 1.50 Oct/18
Singapore 1.45 Oct/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Oct/18
France 0.00 Oct/18
Germany 0.00 Oct/18
Italy 0.00 Oct/18
Netherlands 0.00 Oct/18
Spain 0.00 Oct/18
Japan -0.10 Oct/18
Switzerland -0.75 Oct/18


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