The Bank of Namibia left its benchmark repo rate unchanged at 6.5% in February 2026, maintaining the level set in December. The decision aims to protect the Namibian dollar’s peg to the South African rand while supporting domestic economic growth. The Monetary Policy Committee (MPC) noted that the continued appreciation of the exchange rate has been instrumental in containing inflation, which remains comfortably subdued. Namibia’s annual inflation rate eased for a third consecutive month to 2.9% in January 2026, its lowest level since February 2021.