Maseru, Jun 05 — The Central Bank of Lesotho (CBL) says domestic economic activity slowed down in the first quarter of 2024 from a stronger expansion in the preceding quarter.
This surfaced during the Monetary Policy Committee (MPC) of the Central Bank of Lesotho’s 107th meeting held on Tuesday.
The Committee deliberated on the latest global, regional, and domestic economic developments, as well as the developments in the financial markets.
CBL Governor Dr. Maluke Letete said that this mainly reflected weak consumer demand, coupled with the slowdown in the manufacturing and production sub-sector.
