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Quarterly Economic Report

Section 4(1) of the Bank of Mauritius Act 2004 states that the primary object of the Bank of Mauritius is to maintain price stability and to promote orderly and balanced economic development. The Monetary Policy Committee (MPC) is entrusted with the formulation and determination of monetary policy as set out in Sections 54 and 55 of the Bank of Mauritius Act 2004. The MPC determines the appropriate monetary policy stance through changes in the Key Repo Rate. The MPC usually meets four times during a year, but stands ready to meet in between its regular meetings. In their decision-making process, MPC members assess the balance of risks between economic growth and inflation by considering a wide range of domestic and international economic and financial data and information.

The Quarterly Economic Report which will be released four times a year supersedes the former Monetary Policy and Financial Stability Report. It aims to enhance the public’s understanding of the policies applied to achieve the mandate of the Bank of Mauritius.