The Governor of the Central Bank of Lesotho (CBL), Dr. Maluke Letete has expressed optimism about the country’s economic growth outlook noting that the economy is expected to remain resilient despite ongoing global uncertainties.

Presenting the Monetary Policy Statement on Friday, Dr. Letete said that economic growth is being supported by stable investment in the technology sector in major economies, particularly in North America and Asia, alongside accommodative fiscal and monetary policies and generally favourable financial conditions.

He explained that these positive developments are helping to offset headwinds arising from global trade policy uncertainties and geopolitical tensions, which continue to weigh on the global economic environment.

Dr. Letete further indicated that domestic economic activity is projected to improve driven by recovery in key productive sectors, improved demand conditions and continued policy support aimed at maintaining macroeconomic stability.

On inflation, the Governor said that price pressures are expected to remain contained in the near term, supported by prudent monetary policy and easing global inflationary trends although risks related to commodity prices and exchange rate movements persist.

He reaffirmed the Central Bank’s commitment to safeguarding price and financial stability, stressing that monetary policy decisions will remain data-dependent and responsive to evolving domestic and global economic conditions.

Dr. Letete urged stakeholders to continue working together to support sustainable growth, job creation and economic resilience, emphasizing that sound policies and structural reforms remain critical to strengthening Lesotho’s long-term growth prospects.