Uanguta made this announcement during a media briefing here on Wednesday.
He said the bank’s Monetary Policy Committee (MPC) met on Tuesday and decided that the current low interest rate environment should be maintained in order to ensure that growth is supported in the local economy, going forward.
“It will also help to mitigate, as far as possible, the impact of the slowdown in growth seen in many of our trading partners,” he noted.
The Deputy Governor said Namibia’s economy remains relatively strong, despite the fragile global growth.
Economic growth in 2012 was estimated at 4.6 per cent, while for 2013, it is projected at 4.4 per cent.
Uanguta explained that last year’s growth was driven mainly by the primary and secondary industries, while the 2013 growth is driven by the secondary industries, particularly the construction sector.
The mining sector, which was estimated to have grown at approximately 17.0 per cent in 2012, is expected to see moderate growth of 3,8 per cent in 2013, just above the overall primary sector growth expectation of 3.0 per cent.
“The tertiary sector is expected to grow at 3,1 per cent in 2013, the same level of growth estimated for 2012,” he noted.