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Namibia central bank keeps repo rate and key forecasts unchanged

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…
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