The benchmark interest rate in Mauritius was last recorded at 1.85 percent. source: Bank of Mauritius

Interest Rate in Mauritius averaged 4.48 percent from 2006 until 2021, 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 March of 2021.

Interest Rate in Mauritius is expected to be 1.35 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 1.35 in 12 months time. In the long-term, the Mauritius Interest Rate is projected to trend around 1.35 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 - 2021 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
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%
2020-09-23 01:00 PM 1.85% 1.85% 1.85%
2021-05-20 10:00 AM 1.85% 1.50%

News Stream
Mauritius Leaves Interest Rate at 1.85%
The Central Bank of Mauritius decided unanimously to keep its key repo rate unchanged at a record low of 1.85% during its September of 2020 meeting. Policymakers noted that despite some signs of improvement backed by support from monetary and fiscal authorities, the pace of the global economic recovery is dependent on the containment of the COVID-19 pandemic. On the domestic front, cautious spending patterns and economic uncertainty continue to impact both household consumption expenditure and private investment. The GDP is now projected to contract 13% (previously seen at -12.5%), before recovering at an annual growth rate of 7.5% (previously 7%). Meanwhile, inflation is expected to remain low and stable, at about 2.5% in both 2020 and 2021.
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.
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.

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.