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Updated · Bloomberg · May 5Bank of Mauritius forecasts inflation to hit 5% by year-end
13 articles · Updated · Bloomberg · May 5
- Governor Priscilla Muthoora Thakoor said the new projection is above February’s 3.6% forecast and could breach the central bank’s upper target limit.
- She said the prolonged Middle East conflict is lifting imported inflation in Mauritius by driving up fuel and freight costs.
- The outlook comes before the monetary policy committee meets on 20 May to decide its interest-rate stance amid rising price pressures.
As global crises push inflation to 5%, is Mauritius facing a painful choice between high prices and high interest rates? How can Mauritius break its dependence on imports as global conflicts and new green taxes reshape world trade?