Lesotho holds policy as inflation grows in line with neighbour South Africa
Minimum target for international reserves kept at $610 million
The Central Bank of Lesotho's (CBL) Monetary Policy Committee (MPC) held its 51st meeting on August 12, and decided to maintain the Net International Reserves target at a minimum of $610 million.
This level is considered sufficient to support exchange-rate parity between the country's currency, the loti, and the South African rand, and to preserve price stability.
Lesotho's fiscal and monetary policies operate within the context of the membership of a common monetary area, which includes Namibia
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