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Mauritius: Growth of 3.7% to 4% for 2014 according to forecasts by the Central Bank of Mauritius




The Committee acting on the monetary policy of the Central Bank of Mauritius met yesterday Monday and took the decision to keep the key rate at 4.65%.
 
The members of this Committee have also expressed their concern about inflation which rose from 3.1% in August 2013 to 4% in last December.
 
The members of the Committee of monetary policy of the Central Bank of Mauritius shall provide in particular that inflation could reach 5% end-of-quarter 2014 and back to 4% by the end of the year.
 
The high level of excess liquidity in Mauritius is also much appreciated by the Committee.
 
The Bank of Mauritius also announced its new growth forecasts for the economy of the island. Mauritian growth should be between 3.7% and 4% in 2014, an increase from 3.2 % last year, as reported in the Le Défi Quotidien newspaper.



Fabrice François


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