1. The Central Bank of Lesotho Monetary Policy Committee (MPC) held its 67th meeting on the 26th September 2017. The Committee considered international, regional and domestic economic and financial markets conditions, as well as the Net International Reserves (NIR) developments and outlook.
2. Global economic activity continued to be on a recovery path despite the recent geopolitical risks. The positive performance in advanced economies emanated mainly from the United States (US) and the Euro Area. Economic activity in Japan remained subdued while the growth in the United Kingdom (UK) has slowed amid Brexit prospects. Economic growth rates in the emerging markets remained strong with the Chinese economy growing at 6.9 per cent in the second quarter of 2017. The monetary policy stance in both advanced and emerging markets economies continued to remain generally accommodative.