Further to a meeting held by the Monetary Policy Committee (MPC) on 20 October 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 has further maintained its previously forecast of real GDP growth of 5.5% for Mauritius in 2021, and confirms that domestic inflation remains contained, even with the recent rise in prices owing to temporary supply-side pressures which is in line with global inflation.

With economic growth expected to be positive in nature due to the ongoing vaccination campaign and the full reopening of borders, as well as a careful monitoring of the global and domestic situation, the MPC has deemed the current monetary policy stance to be appropriate and supportive of our economic recovery, and has thus maintained the KRR unchanged.

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