Mauritius Central Bank to Cut Benchmark Rate, PluriConseil Says

The Bank of Mauritius’s monetary policy committee will probably cut the benchmark interest rate at its March 19 meeting, a survey by PluriConseil showed.

Out of 30 analysts, 20 expect a reduction in the rate, the Mauritian research company said in a survey published in the Port Louis-based l’Express newspaper today, with 13 forecasting a cut between 0.1 percent to 0.25 percent and 7 expecting a 0.3 percent to 0.5 percent drop. The remaining 10 analysts forecast no change in the rate.

The monetary policy committee cut the repo rate by 0.1 percent to 5.4 percent in December.

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

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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