Mauritius Central Bank Aligns with Fed, Pauses Rate Hike Cycle

The Bank of Mauritius held its revamped interest rate at 4.5% as it forecast inflation will continue to slow.

The monetary policy committee unanimously decided to leave the key rate unchanged at its first meeting of the year, a day after the US Federal Reserve held borrowing costs. Governor Harvesh Seegolam told reporters in Port Louis, the capital.

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