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Namibia Central Bank Raises Key Rate To 6.25%

Por: RTTNews Business October 26, 2022

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Namibia's central bank lifted its key interest further at its bi-monthly October meeting, ensuring the currency peg with the South African rand as policymakers try to anchor inflation expectations.The Monetary Policy Committee decided to raise the repo rate by 75 basis points to 5.5 percent from 4.75 percent, after a similar decision was made by the Reserve Bank of South Africa in September.To maintain the 1:1 peg between the Namibian... + full article



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