Bank of Mauritius lowers inflation forecast
Adverse shocks to food prices are subsiding, central bank says
The Bank of Mauritius cut its inflation forecast at its latest monetary policy meeting on August 20.
Headline inflation dropped from 5% in April to 4% in July as “adverse shocks to food prices subsided”, the central bank says in a statement.
The central bank has lowered its inflation forecasts from 4% to 3.5% for 2018 as a result and expects inflation to settle at 3% in 2019. The monetary policy committee voted unanimously to keep interest rates on hold at 3.5%.
The outlook for the Mauritian
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