Approaching the mid-year point under highly fluid conditions

It is hard to believe we are approaching the midpoint of 2026, which marks six months since assuming my role as governor.

The global economic outlook continues to remain resilient, although marked by an ever-evolving landscape.

This changing landscape brings in complexities for policymakers, especially when there is uncertainty on whether a shock is short-lived or longer-lasting, hindering appropriate policy adjustments. In my initial blog post following the February Monetary Policy Committee (MPC) decision, I emphasised that Namibia does not operate in isolation.

As a small open economy, we remain highly susceptible to external shocks and vulnerabilities that typically materialise through various transmission channels.

We held our third MPC deliberations of the year and subsequently announced an increase in the repo rate by 25 basis points amid rising inflationary pressures.