WINDHOEK (Reuters) -Namibia’s central bank cut its main interest rate by 25 basis points to 7.50% in a decision announced on Wednesday.
The southern African country’s repo rate had been at 7.75% since June 2023.
Namibia’s inflation was at 4.6% in July in annual terms, the same level as in June but down from 4.9% in May.
(Reporting by Nyasha Nyaungwa; Writing by Bhargav Acharya; Editing by Alexander Winning)
