The Central Bank of Mauritius has reduced its benchmark interest rate to 4.00% in the fourth quarter of 2024, down from the previous 4.50%, marked in Q3 2024. This decision, updated on 20 September 2024, signifies a strategic move to stimulate economic activity amidst a global environment marked by economic uncertainty.
The rate cut aims to provide more liquidity in the Mauritian financial markets, potentially encouraging investment and consumer spending. This adjustment comes after careful consideration of various economic indicators that suggest a need to boost economic growth.
Market analysts predict that this reduction will have a positive effect on borrowing costs, fostering more affordable credit for both businesses and consumers. It is expected that this monetary policy change will contribute to the overall resilience and robustness of the Mauritian economy in the coming months.
