Business
Governor Thakoor Justifies 4.50% Repo Rate Hold in Press Briefing
The Bank of Mauritius (BoM) has unanimously voted to maintain its key repo rate at 4.50% per annum, following a meeting of its Monetary Policy Committee (MPC) on November 12.
The decision reflects a “wait-and-see” approach to an economic environment considered “uncertain,” according to the central bank.
Prudence Key to Policy
The MPC justified the hold by citing risks surrounding both growth and inflation, calling for a prudent monetary policy.
This strategy is specifically aimed at anchoring medium-term inflation expectations.
BoM Governor, Priscilla Muthoora Thakoor, addressed the press on Wednesday, November 12, following the announcement of the MPC’s decision, where she participated in a question-and-answer session.
Source: Defi Media