Mauritius raises rates to 9.25%

The Bank of Mauritius, the country's central bank, announced on 30 June that it had raised its key repo rate by 75 basis points to 9.25% with effect from 2 July. The decision came after the third meeting of the central bank's Monetary Policy Committee (MPC), which was established in April.

The central bank said the MPC's decision was motivated by the prevailing upside risks to inflation over the next 18 to 24 months and the potential build-up of entrenched inflationary expectations against a

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