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Thursday, May 2, 2024

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Inflation

Banking

Key Repo Rate (KRR) Raised By 50 Basis Points To 4.50 Percent Per Annum

Staff -
The Monetary Policy Committee (MPC) of the Bank has unanimously decided to pursue the normalization process which it has embarked on since the beginning...
Press Briefing

Duval: Mauritians Will Be Poorer In 2023

Staff -
Xavier-Luc Duval, Paul Bérenger and Nando Bodha faced the press this morning. The three leaders of the L’Espoir agreement spoke about the importance of...
Local News

Padayachy’s Appeal To Joyram: Stop Your Hunger Strike

Staff -
At a press conference on Friday, Renganaden Padayachy made an appeal to Nishal Joyram. An appeal made as a Mauritian. "I remind him that...
Banking

The BoM Sold Another $100 Million On The Foreign Exchange Market

Staff -
The Bank of Mauritius (BoM) has once again intervened in the foreign exchange market. On Wednesday, it sold $100 million at Rs 43.65 each...
Banking

October 2022: Gross Official International Reserves Stood At USD 6,507.7 Million, 13.5 Months Of Imports

Staff -
Central banks around the world have begun reporting large losses in recent months as they wind down pandemic-era bond-buying programs, while also rapidly raising interest...
Banking

FX Market: BOM Governor To Meet CEOs And Treasurers Of Banks Today

Staff -
In line with its close and continuous monitoring of the evolution of the domestic foreign exchange market, the Bank of Mauritius sold USD 40...
Banking

Bank Of Mauritius Raises The Key Repo Rate By 100 Basis Points To Reach 4 Per Cent

Staff -
The Monetary Policy Committee (MPC) of the Bank, which stood ready to convene between its regular meetings, met on Friday to review the economic...
World

Zimbabwe In Talks With World Bank, IMF On Paying Off International Debt

Vaishali Shastri -
Zimbabwe is in talks with the World Bank and International Monetary Fund regarding the way to remove its debts with international financial institutions. Finance...
Global

Global Inflation: “Horrifying” Food Insecurity Raises Alarm in Africa

Vaishali Shastri -
Africa’s central banks are struggling to subside inflation which is going uncontrolled. The inflation has caused “horrifying” food insecurity, warned the International Monetary Fund's...
Banking

Bank Of Mauritius Raises The Key Repo Rate By 75 Basis Points To 3% Per Annum

Staff -
The Monetary Policy Committee (MPC) of the Bank of Mauritius (Bank) unanimously decided to raise the Key Repo Rate (KRR) by 75 basis points...
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