Mauritius Interest Rate

The Central Bank of Mauritius unanimously decided to leave its key repo rate steady at 4.5% for the third consecutive time during its November 2025 meeting, citing the need to anchor medium-term inflation expectations against a backdrop of elevated economic uncertainty. The country's annual inflation eased to 4.1% in October from 4.4% in September, remaining within the Bank’s medium-term target range of 2-5%. Headline inflation for 2025 was revised down to 3.7% from 4% previously, on the back of softer commodity prices, easing global inflation, food subsidies, and lower fuel costs. For 2026, inflation is expected to converge toward the midpoint of the Bank’s target range, settling at 3.6%, though upside risks from global factors remain. Meanwhile, the Bank raised its 2025 real GDP growth forecast to 3.1%, up 0.1 percentage point from the August MPC projection, and expects growth of 3% in 2026, while cautioning that risks remain tilted to the downside.