Economics
Mauritius Central Bank Leaves Benchmark Rate at 4.75%
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Mauritius’s central bank left its benchmark interest rate unchanged because of concerns a debt crisis in Europe may harm the country’s economic recovery, even as inflation accelerates.
The repo rate will stay at 4.75 percent, the Port Louis-based Bank of Mauritius said in a statement on its website today. The central bank cut the rate by 1 percentage point in September to boost economic growth and central bank Governor Rundheersing Bheenick said it would remain unchanged for two quarters.