The Central Bank of Mauritius decided unanimously to keep its key repo rate unchanged at a record low of 1.85% during its October of 2021 meeting, saying the current monetary policy stance remains appropriate and supportive of economic recovery. The Bank maintained its previous projection of real GDP growth at about 5.5% for 2021, supported by the ongoing vaccination campaign and the full reopening of borders. Policymakers also noted that domestic inflation remains contained despite the recent increase in prices which was mostly due to transitory supply shocks, in particular higher freight costs and commodity prices, but these supply-side influences are expected to fade away in 2022. For 2021, inflation forecast was raised to 3.8% from 3.5% in July. source: Bank of Mauritius
Interest Rate in Mauritius averaged 4.33 percent from 2006 until 2021, 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 December of 2021.
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. In the long-term, the Mauritius Interest Rate is projected to trend around 1.35 percent in 2022, according to our econometric models.