Further to a meeting held by the Monetary Policy Committee (MPC) on 4 August 2021, the Bank of Mauritius (BoM) has announced that it is keeping the Key Repo Rate (KRR) unchanged at 1.85% per annum.

The BoM projects real GDP growth of 5.5% for Mauritius in 2021 and has also observed that domestic inflation is on the rise due to supply-side pressures which is in line with global inflation and is expected to be transient in nature.

A careful monitoring of the global and domestic situation, along with an expected economic recovery partly due to the re-opening of borders for international travel, has led to this decision by the MPC, which deemed the current monetary policy stance to be appropriate and supportive of our economic recovery.

More information on the KRR can be accessed here