Growth risks push Mauritius MPC to cut by 40bp

mauritius
The Bank of Mauritius votes to cut rates by biggest margin in four years

The Bank of Mauritius has deemed risks around domestic growth more of a concern than those around inflation today (July 20), as its monetary policy committee (MPC) voted unanimously to cut its policy rate by 40 basis points to 4%.

Despite signs that growth in the domestic economy was improving, "weak" private investment and "sluggish" export performance have "heightened" the downside risks to domestic growth, the bank says in a press release. Bank staff have, as a result, lowered their

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