Central Bank’s monetary base rise by Rs1.9 billion

The monetary base of the Bank of Mauritius rose by Rs1.9 billion, or 0.8%, from Rs248 billion at the end of October 2021 to Rs250 billion at the end of November 2021, against a decrease of 4.4% registered between end-September 2021 and end-October 2021.

In the November issue of the Central Bank Survey produced by the BoM’s Economic Analysis & Research and Statistics Department, the rise in the monetary base mainly reflected increases in liabilities to other Depository Corporations and currency in circulation, which more than offset the fall in liabilities to other sectors.

The annual growth rate of the monetary base dropped from 39.3% in October 2021 to 35.7% in November 2021.

On the sources side of the monetary base, the net foreign assets of the Bank went up by Rs1.99 billion, or 0.7%, to Rs300 billion at the end of November 2021.

Net Claims on Central Government fell by Rs1.93 billion to negative Rs21 billion at end-November 2021.