People walk past a logo of the Bank of Namibia at the company's headquarters in Windhoek
WINDHOEK (Reuters) - Namibia's central bank left its benchmark lending rate unchanged at 6.75 percent on Wednesday, saying the level was appropriate to maintain the one-to-one currency peg with South Africa's rand as well as support economic growth.
"The domestic economy showed more evidence of weakness during the first 10 months of 2017. Contractions are deeper than we previously anticipated," said Bank of Namibia governor Iipumbu Shiimi.
(Reporting by Nyasha Nyaungwa; Editing by James Macharia)
© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.