The Central Bank of Mauritius decided unanimously to keep its key repo rate unchanged at a record low of 1.85% during its December of 2021 meeting, pointing the current monetary policy stance remains appropriate and supportive of economic recovery. On the domestic side, the full re-opening of borders and the on-going vaccination campaign, including deployment of booster doses, are strengthening economic recovery. However, the onset of the Omicron variant has brought some uncertainty to the tourism sector. Accordingly, the Bank has revised its growth rate projection for 2021 to around 5%. Policymakers also noted that domestic inflation has maintained its upward momentum on the back of upward price pressures emanating from both food and non-food products on the back of supply shocks, which are expected to subside in the medium term. In the absence of any further exogenous shocks, the Bank is projecting headline inflation at about 4% for 2021. source: Bank of Mauritius

Interest Rate in Mauritius averaged 4.31 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 January of 2022.

Interest Rate in Mauritius is expected to be 2.85 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 2.85 percent in 2023 and 1.85 percent in 2024, according to our econometric models.

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Mauritius Interest Rate


Mauritius Interest Rate
In Mauritius, interest rates decisions are taken by the Bank of Mauritius. The BoM’s official interest rate is the repo rate.
Actual Previous Highest Lowest Dates Unit Frequency
1.85 1.85 9.25 1.85 2006 - 2021 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
2021-08-04 01:00 PM 1.85% 1.85%
2021-10-20 01:00 PM 1.85% 1.85% 1.85%
2021-12-16 01:00 PM 1.85% 1.85% 1.85%
2022-03-23 01:00 PM 1.85%


Related Last Previous Unit Reference
Interest Rate 1.85 1.85 percent Dec/21
Foreign Exchange Reserves 8562.00 7764.70 USD Million Dec/21
Central Bank Balance Sheet 484175.62 447475.92 MUR Million Dec/21
Money Supply M3 788282.68 782458.04 MUR Million Nov/21
Lending Rate 7.10 6.85 percent Nov/21
Banks Balance Sheet 1955776.80 1897428.10 MUR Million Aug/21
Money Supply M2 401094.00 402326.00 MUR Million Sep/18
Money Supply M1 113970.00 113051.00 MUR Million Sep/18


News Stream
Mauritius Holds Key Repo Rate Steady at 1.85%
The Central Bank of Mauritius decided unanimously to keep its key repo rate unchanged at a record low of 1.85% during its December of 2021 meeting, pointing the current monetary policy stance remains appropriate and supportive of economic recovery. On the domestic side, the full re-opening of borders and the on-going vaccination campaign, including deployment of booster doses, are strengthening economic recovery. However, the onset of the Omicron variant has brought some uncertainty to the tourism sector. Accordingly, the Bank has revised its growth rate projection for 2021 to around 5%. Policymakers also noted that domestic inflation has maintained its upward momentum on the back of upward price pressures emanating from both food and non-food products on the back of supply shocks, which are expected to subside in the medium term. In the absence of any further exogenous shocks, the Bank is projecting headline inflation at about 4% for 2021.
2021-12-16
Mauritius Holds Key Repo Rate Steady at 1.85%
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.
2021-10-20
Mauritius Holds Key Interest Rate at 1.85%
The Central Bank of Mauritius decided unanimously to keep its key repo rate unchanged at a record low of 1.85% during its July of 2021 meeting, saying the current monetary policy stance remains appropriate and supportive of economic recovery. The real GDP growth is seen at 5.5% in 2021, as the recovery of the domestic economy should gain momentum with the re-opening of borders for international travel. Improving external demand, accommodative monetary policy conditions and the government’s support measures are also expected to contribute positively. Policymakers noted that global inflation has been on the rise recently mostly due to higher commodity prices but is expected to be transitory and fade away in 2022. Subsequently, and in the absence of further external shocks, headline inflation is projected at about 3.5% for 2021.
2021-08-04