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Central Bank of Lesotho

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    Lesotho Central Bank Raises Rates to 7.0%▼Lesotho Central Bank Rises Rates to 7.0%✉newsBusinessBanking14 h ago

    The Central Bank of Lesotho has raised its key interest rate to 7.0%. The move follows regional monetary policy trends, as Lesotho's currency is pegged to the South African rand and the bank typically mirrors decisions by the South African Reserve Bank. The hike is aimed at containing inflationary pressure. Commenters are watching what it means for borrowing costs and consumer prices in the small mountain kingdom.