Namibia news brief
Repo rate increases to 7%
🇳🇦 NamibiaNEWS DESKPublisher image not supplied
NEWS DESKNamibia
PUBLISHEDOct 28, 2026, 11:10 AM
What the source reports
The Bank of Namibia has decided to increase the repo rate to 7% Making the announcement on Wednesday, Bank of Namibia governer Ebson Uanguta said the decision was taken unanimiously.
This brings the prime lending rate to 10. 5%. “Following a comprehensive review of economic developments and extensive deliberations, the monetary policy comittee decided to increase the repo rate,” said Uanguta. Uanguta added that the…
Main source: The Namibian
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