Lesotho: CBL Lowers Key Interest Rate

4 February 2020

THE Central Bank of Lesotho (CBL) has reduced the CBL rate to 6.25 percent from 6.50 percent in a bid to stimulate the country's lackluster economic performance.

The CBL rate is the interest at which the CBL lends money to commercial banks, who in turn fix own rates to lend to the public.

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