JOHANNESBURG: Namibia's central bank left its lending rate steady at 5.5 percent for the fourth straight meeting on Wednesday, saying economic growth was strong while inflation was at manageable levels.
"The repo rate needs to remain low to support the economy and mitigate, as far as possible, the impact of endured slow growth in many of our trading partners," the Bank of Namibia said in a statement.
The bank maintained its GDP forecast of 4.4 percent for 2013, compared with an estimated 5 percent growth rate in 2012.
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