The benchmark interest rate in Lesotho was last recorded at 3.50 percent. source: Central Bank of Lesotho

Interest Rate in Lesotho averaged 8.91 percent from 1980 until 2021, reaching an all time high of 20.42 percent in December of 1990 and a record low of 3.50 percent in July of 2020. This page provides - Lesotho Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lesotho Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Interest Rate in Lesotho is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lesotho Interest Rate is projected to trend around 3.75 percent in 2022, according to our econometric models.

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Lesotho Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.50 20.42 3.50 1980 - 2021 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
2020-05-26 10:00 AM May 3.75% 4.25%
2020-07-28 03:30 PM Jul 3.50% 3.75% 3.75%
2020-09-29 02:00 PM Sep 3.50% 3.50% 3.50%
2020-11-24 04:00 PM Nov 3.50% 3.50% 3.50%

News Stream
Lesotho Leaves Key Interest Rate at 3.5%
The Central Bank of Lesotho held its benchmark interest rate at 3.50% during its November meeting, to allow the impact of previous cuts and measures to flow through the economy. The Committee projected that the domestic economy will contract by 6% in 2020 due to the economic fallout of the coronavirus pandemic and it is expected to recover gradually and grow at an average rate of 4.33% over the 2021/2022 period on the back of a rebound in mining and construction, as well as a broad-based recovery as the COVID-19 containment measures are gradually lifted. Meantime, inflation is seen at 5% in 2020 before increasing to 5.2% in 2021 and 5.3% in 2022.
Lesotho Holds Key Interest Rate at 3.5%
The Central Bank of Lesotho held its benchmark interest rate at 3.50 percent during its September meeting, after cutting it by 275 basis points over the past six months, aiming to mitigate the effects of the COVID-19 shock and maintain macroeconomic stability. Policymakers also said the economy is projected to recover gradually in the medium-term and grow at an average growth rate of 4.6 percent over the period 2021-2022, while inflation is projected to register 5.1 percent in 2020 before increasing to 5.2 percent and 5.4 percent in 2021 and 2022, respectively.

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.