June 14, 2017 / 10:23 AM / a month ago

Namibia central bank leaves lending rate unchanged at 7 pct

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WINDHOEK, June 14 (Reuters) - Namibia's central bank left its benchmark lending rate unchanged at 7 percent on Wednesday, saying that level was appropriate to support economic growth.

"This rate remains appropriate to maintain the one-to-one link between the Namibian dollar and the South African rand, without compromising growth," said governor of the Bank of Namibia Ipumbu Shiimi. (Reporting by Nyasha Nyaungwa)

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