Namibia Central Bank Raises Lending Rate by 25 Basis Points to 7.00%

Namibia's central bank raised its main interest rate on Wednesday to mitigate against second-round effects from high fuel prices and safeguard the country's currency peg with South Africa's rand.The Bank of Namibia raised its repo rate (NACBIR=ECI) by 25 basis points to 7.00%.Inflation in the south…