Interest Rates: A 4.29% Gap Between Deposits and Loans

Interest rates for savers and borrowers vary significantly. The savings rate ranges from 2.95% to 3.4%, while the Prime Lending Rate is between 6.65% and 9%. As a result, the gap between the average loan rate (6.84%) and the deposit rate (2.55%) reaches 4.29%.

Source: The latest edition of the Monetary Policy Report from the Bank of Mauritius