{"id":23412,"date":"2011-08-25T04:34:00","date_gmt":"2011-08-25T08:34:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=89de91c104319eb56b9ec555f5e2d5db"},"modified":"2011-08-25T04:34:00","modified_gmt":"2011-08-25T08:34:00","slug":"bank-of-namibia-holds-benchmark-rate-at-6-00","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/08\/25\/bank-of-namibia-holds-benchmark-rate-at-6-00\/","title":{"rendered":"Bank of Namibia Holds Benchmark Rate at 6.00%"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"background-color: white;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">The&nbsp;<a href=\"https:\/\/www.bon.com.na\/\" style=\"color: #3778cd; text-decoration: none;\">Bank of Namibia<\/a><\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">&nbsp;maintained its benchmark interest rate, the repurchase rate, unchanged at 6.00%.&nbsp; Bank of Namibia Governor Ipumbu Shiimi said:&nbsp;&#8220;despite the eased inflationary pressure there is a need to ensure sustained growth in the domestic economy. &nbsp;Raising the rate at this point could choke off growth,&#8221; and added that the Bank &#8220;still sees good growth prospects domestically, but this cannot happen in isolation from developments in the world economy,&#8221;.<\/span><\/span><\/p>\n<div style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"background-color: white;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><\/span><\/span><br \/><a name='more'><\/a><\/div>\n<div><span class=\"Apple-style-span\" style=\"background-color: white;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif;\"><span class=\"Apple-style-span\" style=\"font-size: 12px; line-height: 16px;\">The Namibian central bank also held its&nbsp;<\/span><\/span><a href=\"http:\/\/www.centralbanknews.info\/2011\/06\/namibia-central-bank-holds-interest.html\" style=\"color: #3778cd; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; text-decoration: none;\">interest rate<\/a><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif;\"><span class=\"Apple-style-span\" style=\"font-size: 12px; line-height: 16px;\">&nbsp;unchanged at its April meeting, after dropping the rate 75 basis points in December last year. &nbsp;Namibia reported annual inflation of 4.8% in July, compared to 5.4% in June, 5.2% in May, and 4.8% in April. &nbsp;Namibia&#8217;s currency is fixed against&nbsp;neighboring&nbsp;South Africa&#8217;s rand (ZAR), thus the Namibian central bank tends to follow the monetary policy decisions of the <a href=\"http:\/\/www.centralbanknews.info\/2011\/07\/south-african-reserve-bank-holds-rate.html\">South African Reserve Bank<\/a>.<\/span><\/span><\/span><br \/><span class=\"Apple-style-span\" style=\"background-color: white;\"><br \/><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"color: #3778cd; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; text-decoration: none;\" >www.CentralBankNews.info<\/a><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-1161462869157471510?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Bank of Namibia&nbsp;maintained its benchmark interest rate, the repurchase rate, unchanged at 6.00%.&nbsp; Bank of Namibia Governor Ipumbu Shiimi said:&nbsp;&#8220;despite the eased inflationary pressure there is a need to ensure sustained growth i&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-23412","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=23412"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23412\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}