The Central Bank of Mauritius decided unanimously to keep its key repo rate unchanged at 1.85% during its July of 2020 meeting, highlighting the economic uncertainty caused by the Covid-19 crisis. Policymakers said that the current monetary policy stance remains appropriate, as previous rate cuts in March and April are still working through the economy. On the domestic front, the Committee noted that the Mauritian economy, in particular key sectors such as tourism and manufacturing, was already being buffeted by the pandemic. Accordingly, the GDP is projected to shrink by 12.5% in 2020, before recovering at an annual growth rate of 7% next year. Meanwhile, inflation is expected to remain low and stable, at about 2.5% in 2020 and at 2% in 2021.

Interest Rate in Mauritius averaged 4.63 percent from 2006 until 2020, reaching an all time high of 9.25 percent in June of 2007 and a record low of 1.85 percent in April of 2020. This page provides - Mauritius Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mauritius Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.

Interest Rate in Mauritius is expected to be 0.85 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 0.85 in 12 months time. In the long-term, the Mauritius Interest Rate is projected to trend around 0.85 percent in 2021 and 1.85 percent in 2022, according to our econometric models.

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Mauritius Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.85 1.85 9.25 1.85 2006 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-11-27 11:30 AM 3.35% 3.35% 3%
2020-03-10 12:30 PM 2.85% 3.35% 3.35%
2020-04-17 12:00 AM 1.85% 2.85% 2.85%
2020-07-08 12:50 PM 1.85% 1.85% 0.85%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Mauritius Holds Key Interest Rate at 1.85%
The Central Bank of Mauritius decided unanimously to keep its key repo rate unchanged at 1.85% during its July of 2020 meeting, highlighting the economic uncertainty caused by the Covid-19 crisis. Policymakers said that the current monetary policy stance remains appropriate, as previous rate cuts in March and April are still working through the economy. On the domestic front, the Committee noted that the Mauritian economy, in particular key sectors such as tourism and manufacturing, was already being buffeted by the pandemic. Accordingly, the GDP is projected to shrink by 12.5% in 2020, before recovering at an annual growth rate of 7% next year. Meanwhile, inflation is expected to remain low and stable, at about 2.5% in 2020 and at 2% in 2021.
2020-07-08
Mauritius Axes Key Interest Rate to 1.85%
The Central Bank of Mauritius voted unanimously to cut its key repo rate by 100 bps to 1.85 percent at an unscheduled meeting held in April of 2020, as part of efforts to cushion the economic impact of Covid-19 lockdown measures. The Committee equally considered the latest economic growth forecast for Mauritius by the IMF, which expects the economy will contract 6.8 percent this year.
2020-04-17
Mauritius Trims Key Interest Rate to 2.85%
The Central Bank of Mauritius decided unanimously to slash its key repo rate by 50 bps to 2.85 percent during its March 2020 meeting. Policymakers intend to support domestic activity as the coronavirus outbreak is expected to have a significant impact on consumer and business confidence, which can potentially dent domestic spending and investment. In this context, the bank revised down its growth projections to 2.6-2.8 percent in 2020 (previously seen at 4%). Meantime, the headline inflation forecast was maintained at 1.5 percent in 2020, as both headline and core inflation have remained low. The Committee added that stands ready to meet in between its regular meetings if the need arises.
2020-03-10
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.
2019-11-27

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.