Namibia Interest Rate  2007-2016 | Data | Chart | Calendar | Forecast

The central bank of Namibia raised its benchmark repo rate by 25 bps to 7 percent at its April 2016 meeting, bringing borrowing cost to a 5-1/2-year high and following a 25 bps hike in February. Policymakers said the decision aims to align interest rate with that of South Africa and sustain the one-to-one link of the Namibia dollar to the Rand, thus preventing capital outflows. Interest Rate in Namibia averaged 7.14 percent from 2007 until 2016, 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 reported by the Bank of Namibia.

Namibia Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
7.00 6.75 10.50 5.50 2007 - 2016 percent Daily
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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-09 09:05 AM Interest Rate Decision 6.5% 6.5% 6.50%
2016-02-17 09:15 AM Interest Rate Decision 6.75% 6.5% 6.75% 6.5%
2016-04-13 10:00 AM Interest Rate Decision 7.00% 6.75% 6.75%
2016-06-15 10:45 AM Interest Rate Decision 7% 7%
2016-08-17 10:30 AM Interest Rate Decision 7%
2016-10-19 09:05 AM Interest Rate Decision 7%

Namibia Money Last Previous Highest Lowest Unit
Interest Rate 7.00 6.75 10.50 5.50 percent [+]
Money Supply M1 39634.00 39047.00 40380.20 1181.60 NAD Million [+]
Money Supply M2 81944.90 83031.40 83031.40 15670.40 NAD Million [+]
Foreign Exchange Reserves 25216.24 25291.53 26154.18 1783.20 NAD Million [+]
Deposit Interest Rate 4.25 3.98 12.94 3.98 percent [+]
Lending Rate 10.50 10.25 24.20 9.25 percent [+]
Central Bank Balance Sheet 15302.90 17098.10 26428.60 2526.62 NAD Million [+]




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