The Bank of Namibia left its benchmark repo rate unchanged at 6.5% during its April 2026 meeting, marking the third consecutive hold, in a bid to preserve the Namibian Dollar’s peg to the South African Rand while supporting the domestic economy. Policymakers noted that while inflation remained contained during the first quarter, risks to the outlook are skewed to the upside, driven by administered price pressures, exchange rate volatility, and spillovers from the prolonged Middle East conflict. The annual inflation rate eased to 2.1% in March, the lowest since July 2020, from 2.4% in the prior month, marking a fifth consecutive month of slowdown. Looking ahead, inflation is projected to rise notably in Q2 2026, averaging 3.7% for the year versus a 3.5% estimate in February, before gradually moderating to 3.4% in 2027. On the domestic economy, activity remained subdued, with 2026 growth revised lower from the previous forecast. Growth is now projected at 2.6% in 2026 and 2.9% in 2027. 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 2026, 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 May of 2026.

The benchmark interest rate in Namibia was last recorded at 6.50 percent. Interest Rate in Namibia is expected to be 6.50 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 5.25 percent in 2027 and 4.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-03 09:00 AM Interest Rate Decision 6.5% 6.5% 6.25%
2026-02-18 09:10 AM Interest Rate Decision 6.5% 6.5% 6.5%
2026-04-29 09:00 AM Interest Rate Decision 6.5% 6.5% 6.5%
2026-06-17 09:00 AM Interest Rate Decision 6.5%
2026-08-12 09:00 AM Interest Rate Decision
2026-10-21 09:00 AM Interest Rate Decision


Related Last Previous Unit Reference
Central Bank Balance Sheet 56594.90 55684.20 NAD Million Feb 2026
Foreign Exchange Reserves 51763.96 51715.40 NAD Million Mar 2026
Interest Rate 6.50 6.50 percent Apr 2026
Lending Rate 10.00 10.00 percent Apr 2026
Money Supply M0 8766.39 8928.62 NAD Million Feb 2026
Money Supply M1 94243.10 93327.00 NAD Million Feb 2026
Money Supply M2 172212.80 170459.20 NAD Million Feb 2026


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 - 2026 percent Daily

News Stream
Namibia Keeps Policy Rate Steady at 6.5%
The Bank of Namibia left its benchmark repo rate unchanged at 6.5% during its April 2026 meeting, marking the third consecutive hold, in a bid to preserve the Namibian Dollar’s peg to the South African Rand while supporting the domestic economy. Policymakers noted that while inflation remained contained during the first quarter, risks to the outlook are skewed to the upside, driven by administered price pressures, exchange rate volatility, and spillovers from the prolonged Middle East conflict. The annual inflation rate eased to 2.1% in March, the lowest since July 2020, from 2.4% in the prior month, marking a fifth consecutive month of slowdown. Looking ahead, inflation is projected to rise notably in Q2 2026, averaging 3.7% for the year versus a 3.5% estimate in February, before gradually moderating to 3.4% in 2027. Meanwhile, domestic activity remained subdued. Real growth is expected at 2.6% in 2026 and 2.9% in 2027, both below December's estimates of 3.8% and 4.3%, respectively.
2026-04-29
Namibia Leaves Policy Rate Unchanged at 6.5%
The Bank of Namibia kept its benchmark repo rate unchanged at 6.5% in February 2026, as in December, as it sought to safeguard the Namibian dollar’s peg to the South African rand and support domestic growth. The MPC pointed out that the sustained exchange rate appreciation has played a key role in curbing inflation, which remains well contained. In 2025, average inflation fell to a post-pandemic low of 3.5%, down from 4.2% the previous year, coming in slightly below the central bank's earlier forecast of 3.6%. Inflation continued to ease for the third month to 2.9% in January 2026, the lowest level since February 2021. Reflecting this trend, the 2026 forecast has been revised down to 3.5%, with 2027 expected at 3.4%. Meanwhile, policymakers highlighted that economic activity slowed in the first three quarters of 2025, led by agriculture, fishing, mining, and manufacturing, with high-frequency indicators pointing to subdued growth in 2025.
2026-02-18
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