US EditionCBL cuts interest rate
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CBL cuts interest rate
By: Mpho Shelile MASERU The Central Bank of Lesotho (CBL)’s Monetary Policy Committee (MPC) has reduced the CBL rate to 7.00% per annum to 7.25%, citing reduced inflation. MPC convened its 113th meeting yesterday, assessing recent economic developments at the global, regional, and domestic levels. In response to persisting economic headwinds, the Committee made the critical decision to reduce the CBL rate from 7.25% to 7.00% per annum in a bid t…
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