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.