Namibia Interest Rate

The benchmark interest rate in Namibia was last recorded at 5.50 percent. Interest Rate in Namibia is reported by the Bank of Namibia. Interest Rate in Namibia averaged 7.41 Percent from 2007 until 2014, 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. 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 - Namibia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.50 5.50 10.50 5.50 5.50 | 2014/06 2007 - 2014 Percent Monthly

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Namibia Interest Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-08-21 11:15 AM Namibia
Interest Rate Decision
5.50% 5.50% 5.5%
2013-10-23 10:10 AM Namibia
Interest Rate Decision
5.50% 5.50% 5.5%
2013-12-12 09:15 AM Namibia
Interest Rate Decision
5.5% 5.50% 5.5%
2014-04-16 11:40 AM Namibia
Interest Rate Decision
5.5% 5.5% 5.5%
2014-06-18 10:30 AM Namibia
Interest Rate Decision
5.5% 5.5%
2014-08-20 10:30 AM Namibia
Interest Rate Decision
5.5%
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Money Last Previous Highest Lowest Forecast Unit
Foreign Exchange Reserves 15709.00 2013-12-31 14753.26 18130.55 1783.20 15041.03 2014-06-30 NAD Million [+]
Interest Rate 5.50 2014-04-16 5.50 10.50 5.50 5.50 2014-06-30 Percent [+]
Money Supply M1 33880.10 2013-12-31 35083.20 35561.00 1181.60 31774.86 2014-06-30 NAD Million [+]
Money Supply M2 68957.80 2013-11-30 70057.20 70057.20 15670.40 74774.33 2014-06-30 NAD Million [+]
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Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Namibia Balance of Trade at -4339.96 NAD Million  
Namibia recorded a trade deficit of 4339.96 NAD Million in the fourth quarter of 2013. Balance of Trade in Namibia is reported by the Bank of Namibia.
Namibia Current Account at -1065.90 NAD Million  
Namibia recorded a Current Account deficit of 1065.90 NAD Million in the fourth quarter of 2013. Current Account in Namibia is reported by the Bank of Namibia.
Namibia Changes in Inventories at -3879.00 NAD Million  
Changes in Inventories in Namibia decreased to -3879 NAD Million in 2013 from -1458 NAD Million in 2012. Changes in Inventories in Namibia is reported by the Central Bureau of Statistics, Namibia.
Namibia Consumer Price Index (CPI) at 107.30 Index Points  
Consumer Price Index (CPI) in Namibia increased to 107.30 Index Points in March of 2014 from 106.60 Index Points in February of 2014. Consumer Price Index (CPI) in Namibia is reported by the Bank of Namibia.
Namibia Consumer Spending at 64552.00 NAD Million  
Consumer Spending in Namibia increased to 64552 NAD Million in 2013 from 60764 NAD Million in 2012. Consumer Spending in Namibia is reported by the Central Bureau of Statistics, Namibia.
Namibia Exports at 11530.20 NAD Million  
Exports in Namibia decreased to 11530.20 NAD Million in the fourth quarter of 2013 from 13771.50 NAD Million in the third quarter of 2013. Exports in Namibia is reported by the Bank of Namibia.
Namibia Government Spending at 23877.00 NAD Million  
Government Spending in Namibia increased to 23877 NAD Million in 2013 from 21917 NAD Million in 2012. Government Spending in Namibia is reported by the Central Bureau of Statistics, Namibia.
Namibia Gross Fixed Capital Formation at 27567.00 NAD Million  
Gross Fixed Capital Formation in Namibia increased to 27567 NAD Million in 2013 from 22953 NAD Million in 2012. Gross Fixed Capital Formation in Namibia is reported by the Central Bureau of Statistics, Namibia.
Namibia Gross National Income at 120267.00 NAD Million  
Gross National Product in Namibia increased to 120267 NAD Million in 2013 from 106945 NAD Million in 2012. Gross National Product in Namibia is reported by the Central Bureau of Statistics, Namibia.
Namibia Imports at -15870.20 NAD Million  
Imports in Namibia increased to -15870.20 NAD Million in the fourth quarter of 2013 from -19739.50 NAD Million in the third quarter of 2013. Imports in Namibia is reported by the Bank of Namibia.
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