Namibia has increased its interest rates by 0.25 percentage points, from 6.75% to an annual rate of 7%.
The key rates a tool used by Central Banks to implement monetary policy.
An increase in interest rates is used to slow down inflation and protect the currency. .
This change is the first to have taken place since on February18th 2016, when the Central Bank increasedinterest rates by 0.25 percentage points to 6.75%.