At a meeting held on 23 September 2020, the Monetary Policy Committee (MPC) of the BoM unanimously decided to maintain the Key Repo Rate (KRR) at 1.85% amidst both local and global uncertainty. While the global economy has shown some signs of improvement, the Mauritian economy is still facing the disruptive effect of the pandemic crisis. It is expected that Mauritian exports will continue to bear the brunt of the crisis in view of the reduced purchasing power of its global trading partners.

It will be recalled that the KRR was reduced by 100bps in April 2020 to 1.85%.

More information on the KKR can be accessed here