Monetary Policy Committee: Key Rate maintained at 4.5%

The 70th meeting of the Monetary Policy Committee (MPC) was held on April 3 at the headquarters of the Bank of Mauritius. This resulted in the status quo of the Key Rate. Harvesh Seegolam, governor of the Bank of Mauritius, explained that this decision comes after an analysis of the economic situation locally, but also on the international scene.

“Inflation will continue its downward trend this year in Mauritius. We also anticipate continued dynamism in tourism for 2024, after revenues of Rs 86 billion last year. This was beneficial to the foreign exchange market,” said indicated Harvesh Seegolam. As a reminder, the key rate has been at 4.5% for over a year.