Lesotho

Lesotho sold LSL 7.47 mln ( USD ca. 413,165) of bills due July 9, 2025, attracting bids 3.87 times the amount offered. The bills, yielding 7.05%, were sold at 93.43 and settled on July 10. Despite economic pressures from adverse weather and a weak exchange rate, the central bank maintained its benchmark rate at 7.75% and adjusted its reserves target to USD 760 mln to sustain the currency peg with the South African rand.