Lesotho - Zinssatz

The Central Bank of Lesotho left unchanged its key policy rate at 6.5% during its September meeting. Policymakers noted that consumer price inflation decelerated in August while economic growth remained weak, and mentioned that main risks to the domestic economic outlook include exposure to global economic developments, weak domestic economic activity, structural rigidities and policy uncertainty. Furthermore, the bank said that will continue to monitor the global developments and their likely impact on domestic macroeconomic conditions, especially net international reserves, with the aim of taking corrective action when needed.

The Central Bank of Lesotho lowered its policy rate by 25bps during its July meeting, saying economic activity growth remained weak while consumer price inflation decelerated to 5.6 percent in June from 5.9 percent in May. Policymakers also voiced concerns about downside risks to the global economic outlook, which arise from the continuing trade and geo-political tensions.