PORT LOUIS: Mauritius central bank held its key repo rate at 4.65 percent for the ninth straight quarter on Thursday, citing sluggish economic growth.
Last month, the statistics office revised its economic growth forecast for this year to 3.8 percent, from its earlier prediction of 4.1 percent, due to slower growth in farming, manufacturing and construction sectors.
"The pace of domestic investment has yet to pick up," the central bank's Monetary Policy Committee said in a statement, adding the decision was unanimous.
The committee said it was concerned by the potential impact of volatile markets abroad, particularly in China and in Greece, where a drop in stocks and a debt crisis respectively have knocked confidence.
It said inflation would decline to 1.5 percent this year before rising to about 3.0 percent next year.
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