*CBL Lowers Policy Rate, Strengthens Reserves Target Amid Global Uncertainty* https://weeklyobserver.online/2025/02/05/cbl-lowers-policy-rate-strengthens-reserves-target-amid-global-uncertainty/ The Central Bank of Lesotho (CBL) has moved to safeguard economic stability by lowering its policy rate and raising its international reserves target in response to shifting global and regional financial conditions. This follows the Monetary Policy Committee’s (MPC) 111th meeting on February 4, 2025, where policymakers assessed economic trends and their implications for Lesotho. Dr. Emmanuel Letete, Governor of the CBL, announced that the CBL rate has been reduced by 25 basis points to 7.25% per annum, aligning with domestic economic conditions and broader regional monetary policies. At the same time, Dr. Letete said the Net International Reserves (NIR) target floor has been increased from US$770 million to US$840 million, a strategic move to sustain the one-to-one peg between the loti and the South African rand.