FX.co ★ Mauritius Keeps Key Policy Rate at 4.75%

On August 12, 2026, the Central Bank of Mauritius unanimously opted to keep its key repo rate unchanged at 4.75%, following a 25-basis-point increase in May. Policymakers noted that this cautious stance reflects a highly uncertain economic environment and is intended to provide the Monetary Policy Committee with space to evaluate incoming data, assess inflation and growth risks, and gauge the impact of earlier policy measures.

Headline inflation accelerated to 4.4% in July from 3.7% in June, while core inflation remained elevated and risks to the inflation outlook stayed skewed to the upside. Nevertheless, the Bank revised its inflation forecast for 2026 down to around 5%, from a previous estimate of 5.5%, citing recent inflation developments and budgetary measures, including additional subsidies on selected staple goods.