Mauricio - Tasa de Interés

The Central Bank of Mauritius decided unanimously to slash its key repo rate by 15 bps to 3.35 percent on August 9th 2019, saying that inflation outlook provides room to a move against the risks associated with weakening global growth. Policymakers revised its inflation forecasts for 2019 to 0.5 percent (previously 1.5 percent) while predict it at 1.5 percent in 2020. Meantime, the bank maintained its growth forecast of 3.9 percent for 2019 and pointed 4.0 percent for 2020.

The Central Bank of Mauritius decided unanimously to leave its key repo rate unchanged at 3.5 percent on May 17th 2019, citing persistently lower inflation expectations. Consumer prices rose 0.6 percent on an annual basis in April 2019, rebounding from a 1.4 percent decrease in the previous month and policymakers project inflation at 1.5 percent in 2019. The Bank also maintained its growth forecast of 3.9 percent for 2019 which would be broad-based, but noted uncertainties surrounding the global environment.

The Central Bank of Mauritius decided unanimously to leave its key repo rate unchanged at 3.5 percent on February 22 2019, saying inflationary pressures remain contained. The annual inflation rate fell to 0.5 percent in January 2019 from 1.8 percent in December and policymakers project headline inflation at 2.1 percent in 2019. The bank also noted that global inflationary pressures are expected to remain benign in 2019 amid relatively low commodity prices and weakening global economic momentum. Regarding GDP growth, the Bank expects a 3.8 percent expansion in 2018 and the economy is forecasted to grow 3.9 percent in 2019, amid continued strong gains in financial services and construction sectors.