The Central Bank of Mauritius decided unanimously to keep its key repo rate unchanged at a record low of 1.85% during its September of 2020 meeting. Policymakers noted that despite some signs of improvement backed by support from monetary and fiscal authorities, the pace of the global economic recovery is dependent on the containment of the COVID-19 pandemic. On the domestic front, cautious spending patterns and economic uncertainty continue to impact both household consumption expenditure and private investment. The GDP is now projected to contract 13% (previously seen at -12.5%), before recovering at an annual growth rate of 7.5% (previously 7%). Meanwhile, inflation is expected to remain low and stable, at about 2.5% in both 2020 and 2021.
Interest Rate in Mauritius averaged 4.59 percent from 2006 until 2020, reaching an all time high of 9.25 percent in June of 2007 and a record low of 1.85 percent in April of 2020. This page provides - Mauritius Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mauritius Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Interest Rate in Mauritius is expected to be 1.85 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Mauritius to stand at 1.35 in 12 months time. In the long-term, the Mauritius Interest Rate is projected to trend around 1.35 percent in 2021 and 1.85 percent in 2022, according to our econometric models.