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.
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.
Patrick Nandago - Permanent Secretary to Ministry of Home Affairs, Namibia
"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.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
How we reduced road traffic crashes by 42% – FRSC boss
Motorists express worry as long fuel queues resurface in FCT
Reno's $10,000 Challenge: I didn't build any school in Anambra, Obi opens up
Bullied student threatens Abuja school with lawsuit if abusers are not punished
EFCC withdraws appeal against Yahaya Bello
Gov Zulum wants Army to establish military base in Sambisa forest
2 Wike loyalists exit Fubara's cabinet as Governor reshuffles
Ganduje believes APC is the answer to Nigeria’s problems
Spate of deaths strikes Nigerian movie industry, Nigerians calls for action
ADVERTISEMENT