Repo rate increases to 7%
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 post Repo rate increases to 7% appeared first on The Namibian .
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 decision was made to reduce the interest rate gap between Namibia and South Africa.
The post Repo rate increases to 7% appeared first on The Namibian.
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About this article
- Length
- 91 words · 1 min read
- Published
- October 28, 2026
- Byline
- Shania Lazarus
- Source
- The Namibian