Namibia holds rates at 6.50% as inflation steadies but producer costs surge

• Namibia holds policy rate at 6.50%
• Rising producer costs threaten economic momentum

WINDHOEK, NAMIBIA – Namibia kept its benchmark interest rate unchanged at 6.50% to balance stable inflation with mounting production costs and slowing economic growth.

The Bank of Namibia, after its December 1–2 Monetary Policy Committee meeting, said the move aims to support domestic activity and protect the Namibia dollar’s peg to South Africa’s rand.