The Bank of Namibia on Wednesday decided to retain its policy rate at 6 percent, to support economic growth amid weakening inflationary pressures and subdued activity.
The monetary policy committee said the medium-term growth trajectory is clouded by downside risks and the developments in the Eurozone, the country's major trading partner, creates room for concern.
Namibia;'s annual inflation slowed to 6.9 percent in March from 7.4 percent in February, owing mainly to a decline in costs of housing, utilities, healthcare and recreation and culture.
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.