The Bank of Namibia on Wednesday decided to retain its policy rate at 6 percent, to support economic growth amid weakening inflationary pressures and subdued activity.
The monetary policy committee said the medium-term growth trajectory is clouded by downside risks and the developments in the Eurozone, the country's major trading partner, creates room for concern.
Namibia;'s annual inflation slowed to 6.9 percent in March from 7.4 percent in February, owing mainly to a decline in costs of housing, utilities, healthcare and recreation and culture.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.