Lesotho, April 1 -- Small and Medium Enterprises (SMEs) in Lesotho can breathe a sigh of relief as the Central Bank of Lesotho (CBL) decided to keep its key policy rate at 6.50 percent per annum. The decision was announced following the 118th Monetary Policy Committee (MPC) meeting held on March 27, 2026.
Governor Dr. Letete emphasised that this move balances the need to control inflation, protect the country's reserves, and support domestic economic growth, especially in the face of global uncertainties. "Our priority is to safeguard the economy, maintain price stability, and support households and businesses alike," he said.
Global uncertainty clouds outlook
The MPC noted that international conditions remain unpredictable. Rising geopo...