The Central Bank of Mauritius decided unanimously to slash its key repo rate by 15 bps to 3.35 percent on August 9th 2019, saying that inflation outlook provides room to a move against the risks associated with weakening global growth. Policymakers revised its inflation forecasts for 2019 to 0.5 percent (previously 1.5 percent) while expect it at 1.5 percent in 2020. Meantime, the bank maintained its growth forecast of 3.9 percent for 2019 and pointed 4.0 percent for 2020. Interest Rate in Mauritius averaged 4.82 percent from 2006 until 2019, reaching an all time high of 9.25 percent in June of 2007 and a record low of 3.35 percent in August of 2019.
Interest Rate in Mauritius is expected to be 3.35 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Mauritius to stand at 3.25 in 12 months time. In the long-term, the Mauritius Interest Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.