Business updates

The Monetary Policy Committee (MPC) of the Bank of Mauritius (BoM) has unanimously decided to raise the Key Repo Rate (KRR) by 15 basis points to 2% per annum at its meeting today, Wednesday 9th of March 2022.

A communiqué published on the BoM website mentions that the war between Russia and Ukraine has added a new layer of uncertainty to the global growth outlook which was already impacted by the Omicron variant.

Click here to read the communiqué.