Bank of Mauritius launches Covid-19 response package

Harvesh Seegolam
Harvesh Seegolam
Bank of Mauritius

The Bank of Mauritius unveiled a package of responses to the Covid-19 shock on March 13, with five key measures designed to keep credit flowing to the economy.

The central bank cut its cash reserve ratio by a percentage point to 8%; released five billion rupees ($130 million) to fund businesses struggling with the impact of the virus; told banks to suspend capital repayments on loans for affected businesses; eased supervisory guidelines on handling credit impairments; and issued a “savings bond

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