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Repo rate up by 0.25% to 7%

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The Bank of Namibia has raised the repo rate by 25 basis points to 7%. The move was expected as consumer prices rose by 0.3% in September this year, with inflation coming in at 5.4%, up from 5% in August 2026 and 3.5% in September 2025. The central bank uses the repo rate to contain demand and thus inflation. During the announcement, Governor Ebson Uanguta set out the reasons.
28 Oct 5AM English Namibia News

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