# Namibia’s central bank has raised its main interest rate by 25 basis points to seven-percent as inflation accelerated to 5.4-percent – the highest level since January 2024. It has kept its growth outlook unchanged at 2.1-percent this year and 2.8-percent next year, although foot-and-mouth disease, weaker global growth and potential El Niño conditions still pose risks. Governor Ebson Uanguta says they are mitigating the effects of high fuel prices and safeguarding the currency peg with South Africa’s rand:
Namibia raises interest rate as high fuel prices linked to the Middle Eastern conflict continue to pose a risk [SOUND]
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