Bank of Mauritius: Key Rate Increases to 4.75%, Inflation Projected at 5.5% by 2026

On Wednesday, May 20, the Monetary Policy Committee of the Bank of Mauritius decided to raise the key rate by 25 basis points, increasing it from 4.50% to 4.75%. This decision was unanimously made by the seven members present at the Monetary Policy Committee (MPC) meeting, amidst a particularly uncertain international context due to geopolitical tensions and the conflict in the Middle East.

During the press conference, the Governor of the Bank of Mauritius ...