Namibia Holds Rate To Soften Impact Of Slow Global Growth
Namibia’s central bank held its benchmark repo rate steady at 5.50 percent, saying the current low interest rate should be maintained to mitigate the impact of slow growth in many of the country’s trading partners. The Bank of Namibia, which cut its rate by 50 basis points in 2012, said economic growth [...]
Namibia’s central bank held its benchmark repo rate steady at 5.50 percent, saying the current low interest rate should be maintained to mitigate the impact of slow growth in many of the country’s trading partners.
The Bank of Namibia, which cut its rate by 50 basis points in 2012, said economic growth is expected to ease slightly in 2013, in line with key trading partners “although growth of domestic demand may remain strong, while elevated inflation may … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards