Mauritius Elevates Interest Rate to 4.5% in First Policy Move by New Governor

In a decisive move, the Bank of Mauritius has increased its benchmark interest rate from 4.0% to 4.5%, marking a significant shift in monetary policy under the leadership of newly appointed Governor, Ramesh Basant Kurup. This decision was made during the monetary policy meeting held on February 4, 2025, aiming to tackle the rising inflation that has been impacting the island nation.

Continue reading