Monetary Policy Committee: Repo Rate Kept at 4.65%

Specialists and traders can rejoice. They were particularly in favor of maintaining the Repo Rate to 4.65%. And this is exactly what decided the Monetary Policy Committee (MPC) which met this Monday, September 30 in the early evening.

Advanced operators including that due to the current economic situation and the rate of inflation, the Repo Rate should be maintained at its current rate . The argument, however, was far from convincing the former governor of the Bank of Mauritius, Dan Maraye. He recalled that in the past, a decrease of 75 basis points had had no positive effect on growth.

This meeting was the last for the two  Deputy Governors , Yandraduth Googoolye and Iqbal Belath, their contract is expired. Issa Soormally, a former senior official of the Bramer Bank, has been appointed to succeed Iqbal Belath. Consultations still continue to choose the one that is intended to replace Yandraduth Googoolye as First Deputy Governor .