Namibia central bank cuts main interest rate by 25 basis points

2024.08.14 05:33

WINDHOEK (Reuters) -Namibia’s central bank cut its main interest rate by 25 basis points to 7.50% in a decision announced on Wednesday.

The southern African country’s repo rate had been at 7.75% since June 2023.

Namibia’s inflation was at 4.6% in July in annual terms, the same level as in June but down from 4.9% in May.

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