Africa-Press – Lesotho. The Central Bank of Lesotho’s monetary policy committee voted to raise rates and increase its foreign currency reserves stocks at its February 1 meeting.
The CBL committee also raised its benchmark rate by 25 basis points, to 4%.
It had lowered the policy rate from 6.25% to 3.5% in 2020.
In November 2021, it raised the benchmark rate to 3.75%.
The MPC also decided to increase its net international reserves holdings from a minimum of $760 million to $790 million.
The central bank has raised
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