Mauritius Central Bank Hits Pause on Rate Hikes in Line With Fed
- Central bank kept key rate at 4.5% as sees inflation slowing
- Inflation forecast to revert to 2% to 5% target next year
Growth in Mauritius will be boosted by a recovery in tourism according to bank governor Harvesh Seegolam.
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The Bank of Mauritius held its revamped interest rate at 4.5% as it forecast inflation will continue to slow.
The monetary policy committee unanimously decided to leave the key rate unchanged at its first meeting of the year, a day after the US Federal Reserve held borrowing costs. Governor Harvesh Seegolam told reporters in Port Louis, the capital.