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Mauritius Central Bank issues Rs67 billion of securities

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Mauritius Central Bank issues Rs67 billion of securities

The Central Bank has introduced two new instruments: a 7-day BoM Bill to all banks since the beginning of August 2022 for short-term liquidity management; and a 4.0% Five-Year Bank of Mauritius Emerald Jubilee Bond with an amount of Rs7 billion issued.

According to the Minutes of the 64th Monetary Policy Committee (MPC) Meeting’ held on 28 September 2022 just released, the Central Bank issued a gross amount of Rs67 billion of securities to conduct monetary policy since June 2022.

The minutes also revealed that the BoM’s forex interventions helped absorb excess rupee liquidity equivalent to about Rs 5.9 billion.

Excess liquidity in the banking system averaged Rs 26 billion for the period 01 June to 28 September.

The next meeting of the MPC is set  for December.

Source: Bank of Mauritius

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.