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Central bank leaves lending rate unchanged at 7 percent
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Patrick Nandago - Permanent Secretary to Ministry of Home Affairs, Namibia
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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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.
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"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.
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