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Wednesday, October 28, 2026

Bank of Namibia Lifts Policy Rate to 7% | Global Forex News

Stay updated with the latest developments in the forex market. Here's the most recent news from RobotFX.

The Bank of Namibia raised its benchmark repo rate by 25 bps to 7% at its October 2026 meeting, marking the highest level since January 2025 and following a pause in August. The move is intended to safeguard the Namibian dollar’s one-to-one peg to the South African rand and to contain mounting inflationary pressures. Namibia’s inflation has risen sharply since early 2026, accelerating from 2.1% in March to a more than two-year high of 5.4% in September. In response, inflation forecasts were revised upward to 4.2% for 2026 and 4% for 2027, from previous projections of 4% and 3.9%, respectively, reflecting expectations of a more prolonged energy price shock.


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