- Central bank lowers rates for the third consecutive time to support economic growth
- Inflation expected to average 4% in 2025 before rising to 4.4% next year
The Bank of Namibia cut its benchmark interest rate by 25 basis points to 6.75% on Wednesday, marking its third consecutive rate cut as policymakers seek to sustain economic momentum amid easing inflation. The decision, backed by four members of the Monetary Policy Committee (MPC), was opposed by two members who preferred to hold the rate steady.
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