The Bank of Mauritius cut its key interest rate by 50 basis points on Friday to 4.0% from 4.5% previously, the bank said in a statement.
“The MPC (Monetary Policy Committee) deliberated that, while growth remains consistent, the ongoing disinflationary process is well entrenched in 2024 and looks set to achieve the medium-term target of 3.5 per cent, with upside risks to the inflation outlook subsiding,” the statement read.
“The MPC was thus of view that this environment creates space for a lower policy rate, without compromising on other macroeconomic objectives.”
