According to BoM Analysis: Monetary Policy Under Pressure from Prolonged External Shock

The meeting of the Monetary Policy Committee (MPC) on Wednesday, May 20, takes place in a markedly more unstable international environment, characterized by rising geopolitical tensions in the Middle East, particularly the conflict involving Iran and its implications for the Strait of Hormuz. For a small, open economy like Mauritius, which is heavily reliant on imports, this shock acts as an amplifier of vulnerabilities: energy, transport, imported inflation, etc.