The Bank of Namibia (the central bank) kept the repo rate unchanged at 6% at its executive committee meeting on February 23rd. The decision was the result of evidence of accelerated economic growth in the latter part of 2010 balanced by inflationary pressures from rising fuel prices, according to the governor of the bank, Ipumbu Shiimi. The executive committee had lowered the repo rate at its previous two meetings in October and December 2010, but the latest decision follows that of the South African Reserve Bank, which left South Africa's repo rate unchanged at 5.5% at its monetary policy meeting in January.