Mauritius's Central Bank Raises Lenders' Minimum Cash Reserve Ratio to 7%

Mauritius’s central bank increased its minimum cash reserve ratio to 7 percent from 6 percent, effective Feb. 25, it said in a statement published on its website today.

The ratio has been raised “taking into account the continued high excess liquidity in the system,” the Port Louis- based bank said. The requirement means lenders need to maintain cash balances at the Bank of Mauritius equal to 7 percent of their average deposits.

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at kbhuckory@bloomberg.net

To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net

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