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. Interest Rate in Mauritius averaged 4.86 percent from 2006 until 2019, reaching an all time high of 9.25 percent in June of 2007 and a record low of 3.50 percent in September of 2017.
Interest Rate in Mauritius is expected to be 3.50 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 2.75 percent in 2020, according to our econometric models.