Lesotho, April 1 -- The Central Bank of Lesotho (CBL) has opted to maintain its policy rate at 6.50 percent per annum, following its 118th Monetary Policy Committee (MPC) meeting held on March 27, 2026. The Bank emphasized the need to carefully balance external stability, inflation control, and support for domestic economic growth amid a highly uncertain global environment.
In its statement, the CBL highlighted that while domestic inflation remains broadly contained and the country's external reserves are strong, emerging global risks, particularly geopolitical tensions in the Middle East and a surge in crude oil prices, could affect Lesotho's economic outlook.
"In the current global environment, which is characterised by heightened uncer...