Released at 19.00 hours on 21 July 2008, Bank of Mauritius
The Monetary Policy Committee (MPC) of the Bank of Mauritius convened a special meeting today to review the macroeconomic situation in the light of recent developments.The MPC assessed the balance of risks to price stability and economic growth. In the opinion of a majority of MPC members, the downside risks to economic growth and the upside risks to inflation were both serious with, however, higher risks to inflation. The MPC voted, in a split decision, to increase the key Repo Rate by 2 basis points to 8.25 per cent per annum, effective today.
The Bank of Mauritius will issue a Monetary Policy Statement at 13.00 hours on Monday 28 July 2008.
| Available as : |  |