The Bank of Mauritius (BoM) keeps the Key Repo Rate (KRR) unchanged at 1.85% per annum following a meeting conducted by the Monetary Policy Committee (MPC) held on 4 February 2021. The MPC has agreed upon this decision after careful monitoring of the current global and domestic economic situation and it was concluded that the current monetary policy stance is appropriate and supportive of our economic recovery. Despite global economic recovery being bound to the efficacy of Covid-19 vaccination campaigns to curb the spread of the virus, a slight recovery was noted. Likewise, an increase in consumption expenditure and investment during the third quarter was recorded domestically.

More information on the KRR can be accessed Here.