Bank of Mauritius lowers inflation forecast

Bank of Mauritius

The Bank of Mauritius cut its inflation forecast at its latest monetary policy meeting on August 20.

Headline inflation dropped from 5% in April to 4% in July as “adverse shocks to food prices subsided”, the central bank says in a statement.

The central bank has lowered its inflation forecasts from 4% to 3.5% for 2018 as a result and expects inflation to settle at 3% in 2019. The monetary policy committee voted unanimously to keep interest rates on hold at 3.5%.

The outlook for the Mauritian

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