The Bank of Namibia slashed its benchmark repo rate by 25 bps to 6.50 percent on August 14th 2019, to support the domestic economy and maintain the one-to-one link between the Namibian dollar and the South African rand. This is the first cut since August 2017 and comes after the South African Reserve Bank's decision to cut its own interest rate by 25 basis points to 6.50% in July. Policymakers noted that economic activity remained subdued in the first six months of the year, as reflected in mining, construction, electricity, and wholesale & retail trade. Other sectors such as manufacturing, transport and communication improved, but the economy is projected to remain weak in 2019. Meantime, headline inflation continued its downward trajectory in June when it reached an over 1-year low of 3.9 percent from 4.1 percent in the prior month. Interest Rate in Namibia averaged 7.06 percent from 2007 until 2019, reaching an all time high of 10.50 percent in May of 2007 and a record low of 5.50 percent in August of 2012.

Interest Rate in Namibia is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Namibia to stand at 6.00 in 12 months time. In the long-term, the Namibia Interest Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.

Namibia Interest Rate
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Calendar GMT Actual Previous Consensus TEForecast
2019-02-13 09:30 AM Interest Rate Decision 6.75% 6.75% 6.75%
2019-04-10 09:10 AM Interest Rate Decision 6.75% 6.75% 6.5%
2019-06-12 09:05 AM Interest Rate Decision 6.75% 6.75% 6.75%
2019-08-14 09:00 AM Interest Rate Decision 6.5% 6.75% 6.5%
2019-10-23 09:30 AM Interest Rate Decision 6.5% 6.5%
2019-12-04 09:30 AM Interest Rate Decision 6.5%

Namibia Money Last Previous Highest Lowest Unit
Interest Rate 6.50 6.75 10.50 5.50 percent [+]
Money Supply M1 52348.70 52228.60 53949.30 1181.60 NAD Million [+]
Money Supply M2 108758.40 108019.00 110403.00 15670.40 NAD Million [+]
Foreign Exchange Reserves 35179.23 33433.62 35179.23 1783.20 NAD Million [+]
Deposit Interest Rate 5.90 5.90 12.94 3.98 percent [+]
Lending Rate 10.50 10.50 24.20 9.25 percent [+]
Money Supply M0 8020.66 6838.07 11104.43 857.78 NAD Million [+]
Central Bank Balance Sheet 32514.70 34656.50 35675.20 2526.62 NAD Million [+]

Namibia Interest Rate

In Namibia, interest rates decisions are taken by the Executive Committee of the Bank of Namibia. The official interest rate is the Repo Rate. This page provides the latest reported value for - Namibia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Namibia Interest Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.50 6.75 10.50 5.50 2007 - 2019 percent Daily

Country Last Previous
Argentina 83.21 Sep/19
Turkey 16.50 Sep/19
Mexico 8.00 Aug/19
Russia 7.00 Sep/19
South Africa 6.50 Sep/19
Brazil 5.50 Sep/19
India 5.40 Aug/19
Indonesia 5.25 Sep/19
China 4.25 Sep/19
Saudi Arabia 2.50 Sep/19
United States 2.00 Sep/19
Canada 1.75 Sep/19
Singapore 1.74 Aug/19
South Korea 1.50 Aug/19
Australia 1.00 Sep/19
United Kingdom 0.75 Sep/19
Euro Area 0.00 Sep/19
France 0.00 Sep/19
Germany 0.00 Sep/19
Italy 0.00 Sep/19
Netherlands 0.00 Sep/19
Spain 0.00 Sep/19
Japan -0.10 Sep/19
Switzerland -0.75 Sep/19