Namibia’s central bank cut its interest rate by 25 bps to 7%, marking its third consecutive rate cut. Inflation eased to 3% in October from 3.4% in September and is expected to average 4.3% in 2024 and 4% in 2025. The rate cut aligns with South Africa’s recent reduction, as Namibia’s currency peg with the rand often results in synchronized monetary policy actions.