Mauritius | Finances

Key interest rate maintained at 4.5%

Key interest rate maintained at 4.5%

The Monetary Policy Committee of the Bank of Mauritius has decided to maintain the key interest rate at 4.5%.

2 weeks, 5 days ago

Salary compensation: Rs 635 for those earning less than Rs 50,000

Salary compensation: Rs 635 for those earning less than Rs 50,000

To support household purchasing power amid current economic conditions, the government has announced a monthly salary compensation of Rs 635 — equivalent to 3.7 % of the national minimum wage (Rs 17,110) — for all employees earning a base salary of less than Rs 50,000 per month.

2 months, 2 weeks ago

Pensions for January 2026 will be paid on December 31, 2025

Pensions for January 2026 will be paid on December 31, 2025

The Cabinet has approved an exceptional early payment: January 2026 pensions will be disbursed on December 31, 2025 — because January 1 and 2, 2026 are public holidays, followed by a Saturday and Sunday.

2 months, 3 weeks ago

Budget 2025-26: The Event at the National Assembly

Budget 2025-26: The Event at the National Assembly

Navin Ramgoolam presented the 2025-26 Budget this Thursday, June 5. All MPs and ministers were present at the Parliament.

9 months ago

Chagos, Document : l’accord Maurice-Royaume-Uni

Chagos, Document : l’accord Maurice-Royaume-Uni

Ramgoolam et Bérenger dévoilent les termes de l’accord, La location de Diego Garcia coûtera environ Rs 6,2 milliards par an

9 months, 2 weeks ago

Rodrigues: Chief Commissioner to Present Budget Speech on March 28

Rodrigues: Chief Commissioner to Present Budget Speech on March 28

Rodrigues Chief Commissioner has announced that he will deliver his budget speech on March 28. Emphasizing the need for greater equity, he urged the central government to address the disparities between Mauritius and Rodrigues.

11 months, 3 weeks ago

Monetary Policy Committee: The key rate increases from 4% to 4.50%

Monetary Policy Committee: The key rate increases from 4% to 4.50%

The policy rate increases by 50 basis points, from 4% to 4.50%. Speaking to the press on Tuesday 4 February, the Chairman of the Monetary Policy Committee (MPC) of the Bank of Mauritius (BoM) and Governor of the BoM, Rama Sithanen, surrounded by his two deputies, Rajeev Hasnah and Gérard Sanspeur, discussed the reasons for this increase.

1 year ago

The 14th month will be paid in two installments for salaries up to Rs 50,000, and the salary compensation has been set at Rs 610

The 14th month will be paid in two installments for salaries up to Rs 50,000, …

The Special Allowance Bill also provides for the payment of a 14th month for pensioners.

1 year, 2 months ago

End-of-year bonus: employees must receive a minimum of 75% of this amount by December 18 at the latest.

End-of-year bonus: employees must receive a minimum of 75% of this amount by December 18 …

Haniff Peerun recommends toughening the law to punish employers who fail to meet their obligations.

1 year, 2 months ago

BoM declares war on money laundering

BoM declares war on money laundering

The new Rs 100, Rs 200 and Rs 1,000 notes that will come into circulation are an attempt to reverse the trend that is generated by the parallel economy, it is acknowledged in circles close to the Bank of Mauritius (BoM).

1 year, 2 months ago

Bank of Mauritius: Rajeev Hasnah and Gérad Sanspeur confirmed

Bank of Mauritius: Rajeev Hasnah and Gérad Sanspeur confirmed

The Bank of Mauritius issued a statement on Tuesday, December 3, to confirm the appointment of Rajeev Hasnah as First Deputy Governor and Gérard Sanspeur as Second Deputy Governor, effective Monday.

1 year, 2 months ago

New Rs 100, Rs 200 and Rs 1,000 banknotes have been put into circulation by the Bank of Mauritius

New Rs 100, Rs 200 and Rs 1,000 banknotes have been put into circulation by …

New Rs 100, Rs 200 and Rs 1,000 banknotes were put into circulation by the Bank of Mauritius (BoM) on Monday, December 2.

1 year, 3 months ago

Bank of Mauritius: Rama Sithanen appointed governor

Bank of Mauritius: Rama Sithanen appointed governor

While Harvesh Seegolam's entourage was engaged in scholarly explanations to justify the latter's presence still at the Bank of Mauritius Tower, Rama Sithanen was appointed early in the Friday evening as the new governor.

1 year, 3 months ago

Salary Adjustment: The “Remuneration Regulations” again “gazetted” under a different section of the law

Salary Adjustment: The “Remuneration Regulations” again “gazetted” under a different section of the law

The Remuneration Regulations were gazetted once again on Tuesday evening under a different section of the Act. According to the Ministry of Labour, this move is aimed at clearing up any confusion. The change came shortly after Business Mauritius raised concerns over the legality of the Remuneration Orders (ROs).

1 year, 5 months ago

The Ministry of Labor is keeping a close eye on the payment of salary revisions at the end of September.

The Ministry of Labor is keeping a close eye on the payment of salary revisions …

Employers will have to make a first payment of salary revisions by the end of September, as required by law, stresses Maryaven Carramben.

1 year, 5 months ago

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