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The banking industry’s overall liquidity position averaged N$3.1 billion in October 2020, relative to the N$2.2 billion in September 2020.
The Bank of Namibia said the increase in liquidity is on the back of diamond sales, increased government expenditure and interest payment from the state during the period under review.
Meanwhile, Namibia’s annual inflation rate stood at 2.3% in October 2020, a meagre 0.1% change compared to the preceding month.
The Bank said this was reflected in the inflation rates for the categories food & non-alcoholic beverages, transport and housing during the period under review.
Source of original article: Namibia Economist (economist.com.na).
The content of this article does not necessarily reflect the views or opinion of Global Diaspora News (www.GlobalDiasporaNews.com).
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