Namibia Central Bank maintains interest rate at 6.50 percent in first meeting under new governor

The Bank of Namibia held its policy rate at 6.50 percent today to maintain economic stability. This decision marks the second consecutive pause for the nation.

The Namibia NANA central bank kept its policy rate unchanged at 6.50 percent on February 18, 2026, during the first rate-setting meeting led by the new governor, Ebson Uanguta. This decision to maintain the current borrowing costs was driven by a need for additional vigilance regarding regional economic conditions.
The central bank specifically highlighted the lower inflation target in South Africa ZAZA as a primary reason for its cautious stance, a factor that requires additional vigilance from South African authorities. This alignment is necessary because the Namibian dollar is tied to the South African rand through a fixed 1:1 peg, which limits the scope for independent monetary policy.
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