Bank of Namibia – Monetary Policy Statement (December 2010)

The outlook for the Namibian economy remained subdued despite a strong performance in the third quarter of 2010, Ipumbu Shiimi, the governor of the Bank of Namibia, said in a monetary policy statement published Wednesday.

The statement, which accompanied the central bank's decision to lop 75 basis points off the benchmark rate, taking it to 6%, said: "Although the domestic economy is expected to continue growing, as reflected in the improved demand indicators... there are still visible and

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