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Namibia cbank cuts bank rate by 50 bps to 5.5 pct

August 22, 2012 Comments Off on Namibia cbank cuts bank rate by 50 bps to 5.5 pct

August 22, 2012, 12:40 pm

WINDHOEK (Reuters) – Namibia’s central bank reduced its bank rate by 50 basis points to 5.5 percent on Wednesday, the first reduction in 20 months, as growth remains sluggish in the one of the world’s biggest uranium producers.
Prior to Wednesday’s move, the Bank of…

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