Mauritius hikes by 25bp as inflation climbs above target
MPC hopes acting now will help prevent need for larger increase down the line
The Bank of Mauritius has raised its key policy rate from 4.75% to 5%, marking its first rate hike since May.
In a statement on November 11, the governor Priscilla Muthoora Thakoor said the decision had been taken against the backdrop of renewed hostilities in the Middle East, which had impacted petroleum prices and caused inflation to climb above the bank’s 2–5% target range.
“The inflation outlook has deteriorated,” Thakoor said, noting that year-on-year price growth had accelerated to 6.4% in
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