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Namibia cbank cuts bank rate to prop up growth

August 22, 2012 Comments Off on Namibia cbank cuts bank rate to prop up growth

August 22, 2012, 1:30 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, to support the struggling economy as a global downturn weighs on the domestic outlook in the leading uranium producer.

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