The Bank of Namibia held its benchmark repo rate steady at 6.75 percent on its December 5th 2018 meeting, saying that the current monetary policy stance remains appropriate to maintain the one-to-one link between the South African rand and the Namibian dollar, while supporting domestic economic growth. The Committee noted that the economy remained weak during the first ten months of the year, as agriculture and wholesale and retail trade sectors continued to decrease and it is projected to remain weak in 2018. The annual inflation rate rose to 5.1 percent in October from 4.8 percent in November, boosted by higher prices of food and non-alcoholic beverages, and it is expected to average around 4.3 percent in 2018 and 5.4 percent in 2019. 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.

Interest Rate in Namibia is expected to be 6.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Namibia to stand at 6.00 in 12 months time. In the long-term, the Namibia Interest Rate is projected to trend around 5.75 percent in 2020, according to our econometric models.

Namibia Interest Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


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% 6.75% 6.75%
2019-02-13 09:30 AM Interest Rate Decision 6.75%
2019-04-10 09:30 AM Interest Rate Decision
2019-06-12 09:30 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 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 7647.17 8603.41 11104.43 857.78 NAD Million [+]
Central Bank Balance Sheet 32599.80 32715.40 35675.20 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 January of 2019.

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




Country Last Previous
Argentina 57.61 Jan/19
Turkey 24.00 Jan/19
Mexico 8.25 Dec/18
Russia 7.75 Dec/18
South Africa 6.75 Dec/18
Brazil 6.50 Dec/18
India 6.50 Dec/18
Indonesia 6.00 Dec/18
China 4.35 Dec/18
Saudi Arabia 3.00 Dec/18
United States 2.50 Dec/18
Singapore 1.76 Dec/18
Canada 1.75 Jan/19
South Korea 1.75 Dec/18
Australia 1.50 Dec/18
United Kingdom 0.75 Dec/18
Euro Area 0.00 Dec/18
France 0.00 Dec/18
Germany 0.00 Dec/18
Italy 0.00 Dec/18
Netherlands 0.00 Dec/18
Spain 0.00 Dec/18
Japan -0.10 Dec/18
Switzerland -0.75 Dec/18


Related

Latest