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