The two neighbours' economies are closely intertwined, with the Namibian dollar pegged 1:1 to South Africa's rand
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WINDHOEK - Namibia's central bank kept its policy rate unchanged at 6.50% in the first rate-setting meeting under new governor Ebson Uanguta.
The bank also held the rate in December, saying South Africa's lower inflation target required additional vigilance by Namibian authorities in managing domestic inflation.
The two neighbours' economies are closely intertwined, with the Namibian dollar pegged 1:1 to South Africa's rand.
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