The Bank of Mauritius (BoM) released a communique on 15 December 2021 further to a meeting held by the Monetary Policy Committee (MPC), where the decision was taken to maintain the Key Repo Rate (KRR) at 1.85% per annum.

As the detection of the Omicron variant casts a cloud of uncertainty over the tourism sector, the BoM further announced it has revised its growth rate projection for 2021 to around 5.0 per cent from the projected 5.5 per cent in October.

Taking into account the full re-opening of borders, the ongoing vaccination campaign - including deployment of booster doses - 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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