The Bank of Namibia successfully concluded its first Monetary Policy Strategy Session, a landmark event aimed at fortifying the understanding and implementation of monetary policy within the country. The session, held on February 15, 2024, brought together key stakeholders including members of the Bank’s Monetary Policy Committee (MPC), Board members, and essential staff.

The primary objective of this historic session was to educate and sensitise participants on the intricate process of formulating monetary policy at the Bank of Namibia. Drawing insights from esteemed sister central banks such as the South African Reserve Bank (SARB) and the Bank of Botswana, as well as international experts, the event provided a comprehensive platform for discussion and learning.

Said Governor !Gawaxab: "As we convene to navigate the complexities of steering our nation's monetary policy amidst a myriad of challenges, it is imperative to acknowledge the significance of our roles in guiding the economic trajectory of our open, small economy. Against a backdrop of geopolitical tensions, resurfacing inflationary pressures, and the emergence of disruptive technologies such as Artificial Intelligence (AI), along with the risks posed by climatic swings, our deliberations take on heightened importance. We are committed to leveraging our collective expertise and insights to ensure that our monetary policy remains adaptive and responsive to the evolving global landscape, thereby fostering macroeconomic stability and driving sustainable economic growth for the prosperity of all Namibians."