FX.co ★ Namibia Hikes Interest Rate to 7.00% in October, Tightening Policy After Two-Month Pause

Namibia’s central bank raised its key interest rate to 7.00% in October 2026, up from 6.75% previously, ending a pause that had been in place since August 2026. The decision reflects a renewed tightening of monetary policy after the benchmark rate had been held at 6.75% following the last move in August.

The 0.25 percentage point increase suggests policymakers see a need to further rein in economic or financial pressures, shifting away from the earlier stance of stability. The new rate level of 7.00% will influence borrowing costs across the Namibian economy, affecting households, businesses, and financial markets.

The latest data on the October interest rate decision were updated on 28 October 2026, confirming the central bank’s move to a higher policy rate for the period.