Growth risks push Mauritius MPC to cut by 40bp
Central bank cuts to 4%, amid risks arising from Brexit and potential volatility from US elections
The Bank of Mauritius has deemed risks around domestic growth more of a concern than those around inflation today (July 20), as its monetary policy committee (MPC) voted unanimously to cut its policy rate by 40 basis points to 4%.
Despite signs that growth in the domestic economy was improving, "weak" private investment and "sluggish" export performance have "heightened" the downside risks to domestic growth, the bank says in a press release. Bank staff have, as a result, lowered their
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