The Bank of Namibia decided to keep its repo rate at 6.75%, it said, adding that it was an appropriate level for supporting economic growth.
Key sectors of the domestic economy remained weak during the first 10 months of the year, the central bank said, although activities such as mining, livestock, communication and manufacturing output have shown improvement and could contribute to economic recovery if their growth momentum is sustained.
Inflation dropped to 5.2% in October from a peak of 8.2% in January, it said.
