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WINDHOEK — Namibia’s central bank on Wednesday raised its main lending rate by 75 basis points to 5.50%, tightening policy further in response to rising inflation and matching a move by South Africa’s central bank last month.
The Bank of Namibia typically mirrors rate decisions by the South African Reserve Bank to safeguard the 1:1 link between the Namibian dollar and South African rand.
Namibia’s annual inflation climbed to 6.8% in July from 6.0% in June, with…