The benchmark interest rate in Mauritius was last recorded at 3.35 percent. Mauritius Interest Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Interest Rate in Mauritius averaged 4.76 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. This page provides - Mauritius Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 3.00 in 12 months time. In the long-term, the Mauritius Interest Rate is projected to trend around 3.00 percent in 2021, according to our econometric models.

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Mauritius Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.35 3.35 9.25 3.35 2006 - 2019 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
2019-02-22 11:30 AM 3.5% 3.5% 3.5%
2019-05-17 12:15 PM 3.5% 3.5% 3.5%
2019-08-09 12:20 PM 3.35% 3.5% 3.25%
2019-11-27 11:30 AM 3.35% 3.35% 3%
2020-02-26 11:30 AM 3.35% 3.35%

News Stream
Mauritius Leaves Interest Rate at 3.35%
The Central Bank of Mauritius kept its key repo rate unchanged at 3.35 percent during its November meeting, saying risks to the growth outlook increased while inflationary pressures were broadly contained. Policymakers noted that annual inflation fell to a seven-month low of 0.7 percent in October 2019, and maintained its forecasts at 0.5 percent in 2019 and 1.5 percent in 2020. Meantime, the domestic economy maintained its growth momentum in Q2 2019, as key sectors continued to grow, and the GDP growth is projected at 3.7 percent in 2019 and 4 percent in 2020. The Committee added that is ready to meet in between its regular meetings, if needed.
Mauritius Cuts Interest Rate to 3.35%
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 predict 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.
Mauritius Holds Key Interest Rate Steady at 3.5%
The Central Bank of Mauritius decided unanimously to leave its key repo rate unchanged at 3.5 percent on May 17th 2019, citing persistently lower inflation expectations. Consumer prices rose 0.6 percent on an annual basis in April 2019, rebounding from a 1.4 percent decrease in the previous month and policymakers project inflation at 1.5 percent in 2019. The Bank also maintained its growth forecast of 3.9 percent for 2019 which would be broad-based, but noted uncertainties surrounding the global environment.
Mauritius Holds Key Interest Rate at 3.5%
The Central Bank of Mauritius decided unanimously to leave its key repo rate unchanged at 3.5 percent on February 22 2019, saying inflationary pressures remain contained. The annual inflation rate fell to 0.5 percent in January 2019 from 1.8 percent in December and policymakers project headline inflation at 2.1 percent in 2019. The bank also noted that global inflationary pressures are expected to remain benign in 2019 amid relatively low commodity prices and weakening global economic momentum. Regarding GDP growth, the Bank expects a 3.8 percent expansion in 2018 and the economy is forecasted to grow 3.9 percent in 2019, amid continued strong gains in financial services and construction sectors.

Mauritius Interest Rate
In Mauritius, interest rates decisions are taken by the Bank of Mauritius. The BoM’s official interest rate is the repo rate.