Namibia central bank keeps repo rate and key forecasts unchanged
NAMIBIA'S central bank kept its main interest rate unchanged for the fourth meeting in a row, sticking to its forecasts for this year's economic growth and inflation. The southern African country's repo rate has been at 7.75% (NACBIR=ECI) since June 2023. "With real interest rates remaining positive, and slow credit growth, amid a fair level of international reserves, the MPC (Monetary Policy Committee) decided to maintain the repo rate at its current level," the Bank of Namibia said in a statement. Inflation edged up to 5.4% year on year in January (NACPIY=ECI), from 5.3% in December. It is projected to average 4.8% in…