The benchmark interest rate in Lesotho was last recorded at 6.50 percent.

Interest Rate in Lesotho averaged 9.72 percent from 1980 until 2019, reaching an all time high of 20.42 percent in December of 1990 and a record low of 5.18 percent in December of 2013. This page provides - Lesotho Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Interest Rate in Lesotho is expected to be 6.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Lesotho to stand at 6.25 in 12 months time. In the long-term, the Lesotho Interest Rate is projected to trend around 6.00 percent in 2020, according to our econometric models.

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Lesotho Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.50 6.50 20.42 5.18 1980 - 2019 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
2019-09-25 08:40 AM Sep 6.5% 6.5% 6.5%
2019-11-27 10:25 AM Nov 6.5% 6.5% 6.25%

News Stream
Lesotho Keeps Interest Rate at 6.5%
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.

Lesotho Cuts Policy Rate to 6.5%
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.

Lesotho Interest Rate
In Lesotho, benchmark interest rates are set by the Monetary Policy Committee (MPC) of the Central Bank of Lesotho (CBL). The official interest rate since December 2015 is the Central Bank Policy Rate, which replaced the 91-day Treasury Bill (TB) rate.

Lesotho Money Last Previous Highest Lowest Unit
Interest Rate 6.50 6.50 20.42 5.18 percent [+]
Deposit Interest Rate 4.24 4.32 13.34 2.34 percent [+]
Money Supply M0 7777.08 7360.54 7777.08 702.20 Million LSL [+]
Money Supply M1 6015.94 5499.41 6572.51 1395.80 Million LSL [+]
Money Supply M2 13793.02 12859.94 13793.02 2191.30 Million LSL [+]