Central Banks
Namibia Sees Upside in Adopting S. Africa Planned Lower CPI Goal
Shoppers head toward a shopping mall in Swakopmund, Namibia.
Photographer: Peter Charlesworth/LightRocket/Getty ImagesNamibia’s central bank sees benefits to adopting a lower inflation target proposed by the South African Reserve Bank, its governor said.
Namibia’s headline inflation could be lowered by 1.5 percentage points by 2028 if South Africa’s plan to anchor consumer prices at 3% is adopted, with only a small drag on economic growth, Governor Johannes !Gawaxab said on Thursday.