Namibian central bank keeps rate at 5.5%

Published Oct 24, 2012

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Namibia's central bank kept its bank rate unchanged at 5.5 percent on Wednesday, saying current monetary policy remained accomodative enough despite downside risks to the global economy.

Wednesday's move came after the Bank of Namibia reduced the rate by 50 basis points in August, the first cut in 20 months. - Reuters

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