In June 2013, the Governor of the Bank of Namibia announced that the Central Bank’s lending rate would remain low as long as inflation remained low.
What would not lead to a risk of inflation?
increased output in the mining, manufacturing and construction industries
2 )
Namibian dollar depreciation against the currencies of its trading partners
3 )
severe weather problems that harm crop production
4 )
the Namibian Government’s policy of increased public expenditure
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