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Reflections from the February 2026 Monetary Policy decision

I chaired my first Monetary Policy Committee (MPC) meeting and subsequently announced our nanimous decision to keep the current policy rate unchanged. This marked a significant milestone in my tenure as Governor, both a professional honour and a profound responsibility. Our collective decision as MPC members comes against a backdrop of heightened uncertainty, with the average long-term global growth trend remaining at historic lows.

Escalating trade tensions were the order of 2025, particularly the announcements of tariffs which created significant headwinds at the initial stage with direct implication for international trade.

Overtime, policymakers across key economies have somewhat come to the realisation that the growing protectionist economic policies are the “new normal”. These policies are limiting investment and disrupting global trade, with forecasts1 indicating that global trade growth will remain limited to just about 0.5 to 1.0 percent in 2026.

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18/02/2026 | Ebson Uanguta

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THE INSTANT PAYMENT REVOLUTION

Money moves the economy, but the speed and accessibility with which it flows can determine who participates in it. Around the world, countries are modernising their payment systems to make transactions faster, safer and more inclusive. Namibia took a decisive step in that direction in 2024 with the launch of the Instant Payment Programme (IPP), an initiative led by the Bank of Namibia to build the country’s first national instant payment infrastructure.
 

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05/03/2026 | Marsorry Ickua

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