Ebson Uanguta

Namibia's central bank held its benchmark interest rate at 6.50 percent for the third consecutive meeting, citing Iran war spillovers and inflation risks, while downgrading growth forecasts amid weak mining sectors.

Namibia's central bank maintained its interest rate at 6.50% citing deteriorated economic outlook from Middle East conflict spillovers, while inflation slowed to 2.1% but faces upside risks from energy prices and currency volatility.