Namibia’s central bank held its benchmark rate at 7.75% for the third consecutive meeting, aiming to maintain the Namibia dollar’s one-to-one link with the South African rand and support domestic economic activity. Inflation is projected to slow to 4.8% in 2024 from an estimated 5.9% this year. GDP growth for 2023 is anticipated at 3.9%, with a 3.4% expansion projected for 2024. International reserves declined to cover 5.1 months of imports, mainly due to higher net commercial bank outflows.