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Namibia central bank holds rates steady, GDP growth to slow

Namibia's central bank left its key lending rate unchanged at 5.5% for the third meeting running on Wednesday, keeping rates low to support economic growth, Deputy Governor Ebson Uanguta said. The bank last cut rates in August last year to prop up an economy hit by the global economic slowdown. Domestic growth is seen at 4.4% in 2013 from 4.6% last year, the Bank of Namibia said on Wednesday.

Authors: Dubai Engineering Jobs Admin

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