In Namibia Central bank leaves lending rate unchanged at 7 percent

In July the bank said it projected economic growth to slow to 4.4 percent in 2016 compared with a 5.7 percent expansion in 2015.

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Patrick Nandago - Permanent Secretary to Ministry of Home Affairs, Namibia play

Patrick Nandago - Permanent Secretary to Ministry of Home Affairs, Namibia

(namibiansun.com)
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Namibia's central bank left its benchmark lending rate unchanged at 7 percent on Wednesday, saying it was weary of putting pressure on the economy.

"The decision was taken to support domestic growth, in light of slow and fragile recovery among Namibia's key trading partners," Bank of Namibia Deputy Governor Ebson Uanguta said.

In July the bank said it projected economic growth to slow to 4.4 percent in 2016 compared with a 5.7 percent expansion in 2015.

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