Seychelles central bank cuts policy rate by 100 basis points

Seychelles map and flag 182033436.jpg

The Central Bank of Seychelles board announced it was reducing its policy rate from 3% to 2% on June 30, its first rate cut since June 2020.

The central bank noted that despite a successful vaccination campaign and reopening to travellers, the tourism sector had failed to regain pre-pandemic levels of activity. It added that “employment conditions remained challenging” and credit provision to the private sector had shrunk during April.

The board’s decision aims to “realign the existing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: