Central bank rejects forward guidance on rates

Source: The Namibian · 2026-11-03T13:00:00.000Z · Finance

The Bank of Namibia has opted against providing forward guidance on future interest-rate decisions, despite this year’s Nobel Prize in economics highlighting how it could help individuals and businesses plan better. This follows the central bank’s announcement last week of a 25-basis-point increase in the repo rate. The position comes as the 2026 Nobel Prize in Economic Sciences has renewed attention on how central banks can influence economic activity not only through interest-rate decisions, but also through what they communicate about future policy. The Nobel Prize, awarded on 12 October to economists Robert Hall and Michael Woodford, recognised research on

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