Mauritius Central Bank Chief Says He Was Removed From Office

Mauritius central bank Governor Rundheersing Bheenick said he was removed from office with immediate effect following this month’s general election.

“I had the privilege to serve my country,” he said by phone. “I wish good luck to my successor.” No successor has been named.

Bheenick, who was appointed in 2007, was known for his focus on fighting inflation to bolster savings. He resisted pressure from former Finance Minister Xavier Luc Duval to loosen monetary policy to support economic growth.

The economy of Mauritius is expected to expand 3.5 percent this year compared with 3.2 percent in 2013, the Port Louis-based statistics agency said Dec. 23.

Before it's here, it's on the Bloomberg Terminal.