Reuters logo
Namibia's central bank keeps lending rate steady at 7.00 pct
October 19, 2016 / 9:20 AM / a year ago

Namibia's central bank keeps lending rate steady at 7.00 pct

WINDHOEK, Oct 19 (Reuters) - Namibia’s central bank left its benchmark lending rate unchanged at 7 percent for a fourth consecutive time on Wednesday, continuing attempts to support the weakening economy.

The southern African nation’s economy shrunk by 1.2 percent in the second quarter of 2016 compared with a 3.4 percent expansion in the first three months of the year as construction, hospitality and mining sectors declined.

Writing by Mfuneko Toyana; Editing by James Macharia

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below