The Central Bank of Mauritius left its key repo rate unchanged at 3.5 percent on November 9th 2018. The annual inflation rate increased to 2.8 percent in October of 2018 from 1.9 percent in September and policymakers forecast headline inflation at around 3.2 percent in 2018 and at 3 percent in 2019. Regarding GDP growth, the central bank expects a 4 percent expansion in 2018, amid higher consumption expenditure and public infrastructure investment. For 2019, growth is also seen at 4 percent. In addition, policymakers added that unemployment rate is projected to decline to 6.9 percent in 2018. Interest Rate in Mauritius averaged 4.99 percent from 2006 until 2018, reaching an all time high of 9.25 percent in June of 2007 and a record low of 3.50 percent in July of 2017.
Interest Rate in Mauritius is expected to be 3.50 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 3.25 in 12 months time. In the long-term, the Mauritius Interest Rate is projected to trend around 2.75 percent in 2020, according to our econometric models.