- Repo rate cut by 25 basis points to 7.50% as inflationary pressures ease
- 2024 economic growth forecast reduced due to ongoing drought
Namibia’s central bank reduced its key interest rate by 25 basis points on Wednesday, lowering the repo rate to 7.50% from 7.75%, where it had been fixed since June 2023. The move was prompted by a slowdown in inflation and moderated inflation expectations.
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